$ETH has a detail here worth noticing.
Compromised signing systems likely enabled Binance’s $6.3 billion hack, while Ethereum’s EIP-7702 upgrade may have helped attackers bypass security checks, according to blockchain security firm Blockaid. Binance confirmed Friday that it had suffered the $6.3 billion hack, the largest in crypto history, and pledged to cover all losses. EIP-7702 faced security concerns before Binance hack Ethereum introduced Ethereum Improvement Proposal 7702 (EIP-7702) in May 2025 as part of its Pectra upgrade, allowing ordinary wallets to use smart-contract features such as bundled transactions and sponsored gas fees. Live updates: Binance uncovers more breach points in $6.3B hack Ivo Georgiev, co-founder and CEO of Ethereum wallet provider Ambire, said that EIP-7702 made little difference to the attack because the hackers already had the ability to authorize transactions. Magazine: THORChain under fire over Bitget, ETH evolves beyond blockchain: Hodler’s Digest .3B crypto hack Binance working with FBI to recover assets following $6.3B hack Binance says it holds $5B in matching tokens to cover hack losses
Compromised signing systems likely enabled Binance’s $6.3 billion hack, while Ethereum’s EIP-7702 upgrade may have helped attackers bypass security checks, according to blockchain security firm Blockaid. Binance confirmed Friday that it had suffered the $6.3 billion hack, the largest in crypto history, and pledged to cover all losses. EIP-7702 faced security concerns before Binance hack Ethereum introduced Ethereum Improvement Proposal 7702 (EIP-7702) in May 2025 as part of its Pectra upgrade, allowing ordinary wallets to use smart-contract features such as bundled transactions and sponsored gas fees. Live updates: Binance uncovers more breach points in $6.3B hack Ivo Georgiev, co-founder and CEO of Ethereum wallet provider Ambire, said that EIP-7702 made little difference to the attack because the hackers already had the ability to authorize transactions. Magazine: THORChain under fire over Bitget, ETH evolves beyond blockchain: Hodler’s Digest .3B crypto hack Binance working with FBI to recover assets following $6.3B hack Binance says it holds $5B in matching tokens to cover hack losses