CryptocurrenciesPremiumEthereum Upgrade EIP-7702 May Have Amplified Binance's $2.5B Loss
An Ethereum upgrade, EIP-7702, designed to enhance ordinary wallet functionality, is under scrutiny following a massive loss experienced by Binance. While security experts suggest the breach could have occurred without the upgrade, its implementation may have inadvertently facilitated the bypass of withdrawal safeguards, potentially amplifying the drained funds.
Published 11 hours ago
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