{
  "id": 17214967,
  "title": "EIP-7702 didn’t cause Binance hack, but may have amplified losses",
  "url": "https://urgent.news/2026/10/30/eip-7702-didnt-cause-binance-hack-but-may-have-amplified-losses",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-30T11:00:10.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/binance-hack-security-ethereum-eip-7702-role"
  },
  "original_language": "en",
  "account": "EIP-7702, an Ethereum Improvement Proposal, did not cause Binance’s $6.3 billion hack, but it may have facilitated the attackers' bypass of security measures, according to security experts. Blockaid, a blockchain security firm, suggests that compromised signing systems likely enabled the hack, while EIP-7702 may have helped attackers bypass withdrawal safeguards. The upgrade, introduced in May 2025 as part of the Pectra upgrade, allows wallets to use smart-contract features like bundled transactions and sponsored gas fees. However, security concerns emerged soon after its introduction, with Wintermute reporting malicious contracts in May 2025 that could drain compromised wallets. In September 2025, WLFI token holders reported losses linked to malicious EIP-7702 delegations. The Binance attack, alleged to have been orchestrated via a compromised developer's computer, suggests that attackers could have drained the funds through various methods. EIP-7702, however, may have provided attackers with a convenient \"sweep button\" on Ethereum, making it easier to bypass security checks.",
  "summary": "Security experts say attackers could have drained Binance’s wallets without EIP-7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "Binance hack drained wallets backing customer assets, reserve data shows",
        "url": "https://urgent.news/2026/10/30/binance-hack-drained-wallets-backing-customer-assets-reserve-data",
        "published": "2026-10-30T00:17:10.000Z"
      },
      {
        "outlet": "Japan Times",
        "title": "Binance freezes more than $2.5 billion in assets amid suspected hack",
        "url": "https://urgent.news/2026/10/30/binance-freezes-more-than-2-5-billion-in-assets-amid-suspected-hack",
        "published": "2026-10-30T02:02:00.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "Binance traces $6.3 billion hack to one engineer's compromised laptop",
        "url": "https://urgent.news/2026/10/30/binance-traces-6-3-billion-hack-to-one-engineers-compromised-laptop",
        "published": "2026-10-30T03:15:42.000Z"
      },
      {
        "outlet": "RTE News",
        "title": "Binance freezes $3 billion in assets after suspected hack",
        "url": "https://urgent.news/2026/10/30/binance-freezes-3-billion-in-assets-after-suspected-hack",
        "published": "2026-10-30T03:24:32.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "Binance hit by $6.3bn hack, freezes half of stolen funds",
        "url": "https://urgent.news/2026/10/30/binance-hit-by-6-3bn-hack-freezes-half-of-stolen-funds",
        "published": "2026-10-30T07:19:11.000Z"
      },
      {
        "outlet": "Guardian Business",
        "title": "‘Elite North Korean hackers’ blamed for $6.3bn Binance hack – business live",
        "url": "https://urgent.news/2026/10/30/elite-north-korean-hackers-blamed-for-6-3bn-binance-hack-business-live",
        "published": "2026-10-30T07:34:42.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Binance's $6.3 billion hack: What we know and what comes next",
        "url": "https://urgent.news/2026/10/30/binances-6-3-billion-hack-what-we-know-and-what-comes-next",
        "published": "2026-10-30T08:04:50.000Z"
      },
      {
        "outlet": "Gulf News",
        "title": "Binance hack: Lazarus group suspected as $6.3b theft rattles traders",
        "url": "https://urgent.news/2026/10/30/binance-hack-lazarus-group-suspected-as-6-3b-theft-rattles-traders",
        "published": "2026-10-30T10:38:40.000Z"
      },
      {
        "outlet": "PC Gamer",
        "title": "Compromised laptop could be to blame for record $6.3 billion cryptocurrency heist: Binance rushes to freeze stolen assets as experts blame North Korean group",
        "url": "https://urgent.news/2026/10/30/compromised-laptop-could-be-to-blame-for-record-6-3-billion",
        "published": "2026-10-30T10:52:32.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "No way to tell if S’pore investors affected by Binance hack; withdrawals temporarily suspended",
        "url": "https://urgent.news/2026/10/30/no-way-to-tell-if-spore-investors-affected-by-binance-hack",
        "published": "2026-10-30T11:42:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}