Community review:EIP-7702 Risk of asset theft 2 Years ago, a developer had already issued a warning,Binance connection unconfirmed

AT A GLANCE

The community had previously issued a warning that EIP-7702 could expand the risk of asset theft, but its relationship with the Binance incident has not been confirmed.

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EIP-7702 Risk of asset theft 2 Years ago, a developer had already issued a warning

BlockBeats reported that,October 30, regarding Binance’s hacking incident, some believe that the hacker may have exploited Ethereum’s EIP-7702 mechanism to control wallets and transfer funds. X user 0xVEER stated that developer 0xjustadev had, as early as approximately 2 years ago,EIP-7702 during the discussion, warned about “this situation.”2024 years October ago, in an Ethereum community forum EIP-7702（Set EOA account code) discussion thread, a developer pointed out that current phishing methods mostly revolve around EIP-712 signatures, which have reasonably good readability and are relatively easy to simulate, while the proposal could allow attackers to transfer all valuable assets, including native tokens, through signatures with poorer readability that are more difficult to simulate. The developer also expressed concern that wallets might consequently adopt highly centralized contract-signature whitelists, representing a regression in security and decentralization.

At present, whether this incident was indeed related to EIP-7702 has not been officially confirmed by Binance. The above content reflects only community views.

Original link https://m.theblockbeats.info/flash/374481

Key points

BlockBeats reported that, regarding Binance’s hacking incident, some believe that the hacker may have exploited Ethereum’s EIP-7702 mechanism to control wallets and transfer funds.
X user 0xVEER stated that developer 0xjustadev approximately 2 years ago, during the EIP-7702 discussion, issued a related warning.
2024 years October-old EIP-7702 discussion included a developer’s concern that attackers might transfer all valuable assets, including native tokens, through signatures that are more difficult to simulate.
The developer also expressed concern that wallets might consequently adopt highly centralized contract-signature whitelists.
Binance The authorities have not confirmed that this incident was related to EIP-7702.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

EIP-7702 Involving Ethereum accounts and signature mechanisms. The report revisited developers’ concerns about potential asset-transfer risks, but there is currently no official evidence proving that the Binance incident used this mechanism.

Why it matters to readers

If the attack path is ultimately confirmed to be related to EIP-7702, wallet authorization and signature security may need to be reassessed; for now, this remains a community view.

This is a reminder to newcomers not to authorize solely based on signature prompts, and not to treat community speculation as a confirmed attack conclusion.

Risks and unknowns

Binance The authorities have not confirmed whether the attack involved EIP-7702。
The report did not confirm the actual attack path, the authorization status of the relevant addresses, or the flow of funds.
The original text did not state whether the early warning was directly connected to this incident.

Community review:EIP-7702 Risk of asset theft 2 Years ago, a developer had already issued a warning,Binance connection unconfirmed

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