Security· ★★★★· bearish·

Binance-Labeled Wallet Swept Minutes After EIP-7702 Delegation

  • —Binance-labeled wallet swept minutes after EIP-7702 delegation
  • —Delegated account moved 780 million USDC from its smart wallet
  • —No confirmation yet that the transfers were authorized
Why it matters: EIP-7702 delegation is emerging as a new attack vector; if the Binance link is confirmed, it would hit confidence in exchange security.
#USDC
Source: The Defiant
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