The $6.3B hack went through one $ETH feature.
It's called EIP-7702. It lets a normal wallet run smart-contract code by delegating to a contract. Useful, but the delegation stays active until it's changed. According to Binance's report, that kind of persistent permission made this attack harder to contain.
When did you last check what your wallet delegated to?
Takes 30 seconds. Worth doing tonight.
via CoinDesk, The Defiant
#BinanceIncidentReport #Ethereum
It's called EIP-7702. It lets a normal wallet run smart-contract code by delegating to a contract. Useful, but the delegation stays active until it's changed. According to Binance's report, that kind of persistent permission made this attack harder to contain.
When did you last check what your wallet delegated to?
Takes 30 seconds. Worth doing tonight.
via CoinDesk, The Defiant
#BinanceIncidentReport #Ethereum