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Eip 7702

2 GoKawiil briefs on this topic

Binance Loses $6.36B in Hack Linked to North Korea's TraderTraitor Group

On October 29, 2026, an attacker drained roughly $6.36 billion from Binance wallets across ten blockchains, with most funds moved in about 20 minutes starting at 20:05 UTC. Binance confirmed a security incident and suspended withdrawals on several networks, while blockchain analysis firm TRM Labs says it has high confidence the theft was carried out by North Korea's TraderTraitor hacking unit. Issuers including Tether, Circle, Ripple and World Liberty Financial froze about $2.67 billion in stablecoins, and Arbitrum's Security Council froze roughly $30 million more, but the attacker still holds over $2.4 billion in ETH and BTC beyond recovery.

Binance $5.9B drain linked to EIP-7702 delegation from Tornado Cash-funded address

On-chain analysts tracing Binance's suspected October 29 hack found that an address funded via Tornado Cash submitted an EIP-7702 delegation for a Binance hot wallet about three minutes before outflows began. The first transaction moved 167,464 ETH and 63 token transfers including 1.615 billion USDT, with losses across Ethereum, Bitcoin and Tron later estimated at $5.57 billion and rising; Chainalysis put the figure at $5.912 billion on October 30. Binance co-founder Changpeng Zhao said it appears to be a hack, but the exchange has not confirmed the EIP-7702 detail, which comes from a single researcher's analysis.