A $6.3 billion hack didn’t start with a code vulnerability, but with a fake job interview. That’s what Binance revealed about an operation targeting its security infrastructure. The exploit was carried out through the EIP-7702 mechanism on the Ethereum network, putting $ETH at the heart of the story.
The operation didn’t happen overnight; it was preceded by months of work. North Korea-linked actors targeted employees at the platform and its internal systems before reaching the infrastructure that signs hot wallet transactions.
The problem is that social engineering opens doors that firewalls can’t close. When human trust is compromised, signing privileges become a single, high-risk point that concentrates users’ funds.
And as smart signing tools like EIP-7702 become more widespread, the attack surface expands and grows more complex. That’s why strengthening the human element and managing internal permissions are just as important as auditing smart contracts.
Press $ETH to trade
$ETH
Others got there before you and followed. Visit my profile and join those who read the news before it goes viral.
The operation didn’t happen overnight; it was preceded by months of work. North Korea-linked actors targeted employees at the platform and its internal systems before reaching the infrastructure that signs hot wallet transactions.
The problem is that social engineering opens doors that firewalls can’t close. When human trust is compromised, signing privileges become a single, high-risk point that concentrates users’ funds.
And as smart signing tools like EIP-7702 become more widespread, the attack surface expands and grows more complex. That’s why strengthening the human element and managing internal permissions are just as important as auditing smart contracts.
Press $ETH to trade
$ETH
Others got there before you and followed. Visit my profile and join those who read the news before it goes viral.
