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How the Binance hack happened on-chain on Ethereum

ProtosBennett Tomlin3h ago8/10

Onchain breakdown of how the Binance hack used EIP-7702 to target one address while other transfers ran normally.

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1
How Wallet Permissions Linked Two Accounts in the Suspected Binance Hack
The Defiant21h ago8/10
Records show delegated code on Binance 14 could move its own assets and control another wallet, a key clue in the suspected hack; how the permission was obtained is unknown.
Also covered by Cointelegraph, r/CryptoCurrency, Bitcoin Magazine, CoinDesk +7 more
#Security #Research
2
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/CryptoCurrency5h ago8/10
Binance reports a security incident with unauthorized withdrawals estimated at $6.3 billion.
#Security #Markets