Ethereum Up or Down on October 30?
1%Up99%Down
Volume $81,695.79
#officalnew
officalnew
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$ETH The Upgrade: In 2025, $ETH Ethereum launched a technical update (called EIP-7702). It was supposed to be a good thing, making normal, everyday crypto wallets smarter by letting them temporarily act like advanced "smart contracts" to perform helpful tasks. [1]
The Trap: The attacker created a malicious piece of code (a "sweeper" contract) designed to empty out funds. [1]
The Signatures: The attacker managed to get 50 valid digital signatures directly from one of Binance's main active wallets (known as a "hot wallet"). Because Binance processes thousands of transactions a second, the attacker created 50 different variations to make sure at least one would perfectly match Binance's rapid transaction counter. [1, 2]
The Drain: When one of those signatures went through, the new $ETH Ethereum upgrade kicked in. It essentially told the network: "Give this malicious code temporary permission to control the Binance wallet." Within minutes, the wallet was cleaned out. [1, 2, 3]
#BฤฐNANCE #officalnew
$ETH The Upgrade: In 2025, $ETH Ethereum launched a technical update (called EIP-7702). It was supposed to be a good thing, making normal, everyday crypto wallets smarter by letting them temporarily act like advanced "smart contracts" to perform helpful tasks. [1]
The Trap: The attacker created a malicious piece of code (a "sweeper" contract) designed to empty out funds. [1]
The Signatures: The attacker managed to get 50 valid digital signatures directly from one of Binance's main active wallets (known as a "hot wallet"). Because Binance processes thousands of transactions a second, the attacker created 50 different variations to make sure at least one would perfectly match Binance's rapid transaction counter. [1, 2]
The Drain: When one of those signatures went through, the new $ETH Ethereum upgrade kicked in. It essentially told the network: "Give this malicious code temporary permission to control the Binance wallet." Within minutes, the wallet was cleaned out. [1, 2, 3]
#BฤฐNANCE #officalnew
The Trap: The attacker created a malicious piece of code (a "sweeper" contract) designed to empty out funds. [1]
The Signatures: The attacker managed to get 50 valid digital signatures directly from one of Binance's main active wallets (known as a "hot wallet"). Because Binance processes thousands of transactions a second, the attacker created 50 different variations to make sure at least one would perfectly match Binance's rapid transaction counter. [1, 2]
The Drain: When one of those signatures went through, the new $ETH Ethereum upgrade kicked in. It essentially told the network: "Give this malicious code temporary permission to control the Binance wallet." Within minutes, the wallet was cleaned out. [1, 2, 3]
#BฤฐNANCE #officalnew
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