Account-Delegation

Understanding EIP-7702 Through the Binance Hack

Understanding EIP-7702 Through the Binance Hack

I am sharing some additional thoughts on the recent hack of Binance’s Ethereum withdrawal account (hot wallet). Many articles have treated EIP-7702 as though it were a dangerous specification in the wake of this incident. I am writing this to understand the specification and the structure of the attack more accurately.

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