Get the 6:30 a.m. email
Crypto read · shared from CryptoBloggers

The Binance hack's Ethereum leg used EIP-7702 with 50 pre-signed authorizations. Here's how it worked and why 7702 isn't the real culprit

r/ethereum/u/ManVsBugs5h ago9/10

Mechanics of the Binance hack's Ethereum leg: 50 pre-signed EIP-7702 authorizations from a hot wallet, and why 7702 itself is not the root cause.

#Ethereum#Security
Read it at r/ethereum →

Summary written by AI. Read the source before acting on anything.

Get the best crypto reads every morning

The top five, plus AI agents doing real things on-chain, at 6:30 a.m. Central. Free.

Top 5 reads + AI agent finds, every day at 6:30 a.m. Central. Weekly roundup on Sundays.

More of today’s best reads

See all →
  1. 1

    Binance is investigating a major security incident that resulted in unauthorized withdrawals estimated to have a financial impact of about $6.3 billion, the cryptocurrency exchange said.

    r/CryptoCurrency3h ago8/10

    Binance reports a security incident with unauthorized withdrawals estimated at $6.3 billion.

    #Security#Markets
  2. 2

    Polymarket Hit by Supply Chain Attack: Malicious Third-Party Script Found Draining Portfolios and Wallets (At Least $800k+ Stolen. FULL ANALYSIS)

    r/CryptoCurrency22h ago8/10

    Polymarket users were drained via a compromised third-party monitoring script, with at least $800k reported stolen; Polymarket halted trading.

    #Security#Markets
  3. 3

    About 544,000 BTC moved on Nov 22, 2025 in 200 identical sweeps. It was Coinbase’s internal wallet migration, not new buyers

    r/Bitcoin1d ago8/10

    On-chain analysis: a 544,000 BTC move in 200 sweeps on Nov 22, 2025 was Coinbase's wallet migration, not new buyers.

    #Bitcoin#Research
The Binance hack's Ethereum leg used EIP-7702 with 50 pre-signed authorizations. Here's how it worked and why 7702 isn't the real culprit · CryptoBloggers