Binance Overhauls Security Infrastructure Following $6.3 Billion Exploit Involving EIP-7702
October 31, 2026
Binance is completely rebuilding its withdrawal infrastructure after a $6.3 billion security breach. CEO Richard Teng revealed attackers used Ethereum standard EIP-7702 to bypass wallet controls and erased digital traces.
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Ethereum Developers Draft Proposal to Allow Permanent Opt-Out of EIP-7702 Account Delegation
October 31, 2026
Ethereum developers are evaluating a draft proposal allowing accounts to permanently disable EIP-7702 smart contract delegation while retaining standard transaction features and existing wallet addresses.
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Mysterious Movement of $3.55 Million in Unclaimed Bridge Funds via Ethereum’s EIP-7702 Highlights Growing Security Questions
October 10, 2026
The sudden transfer of $3.55 million in unclaimed bridge assets using Ethereum's EIP-7702 mechanism has sparked security debates after BlockSec noted valid signatures do not guarantee intentional user approval.
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