Security experts say attackers could have drained Binance’s wallets without EIP-7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards.
EIP-7702 didn’t cause Binance hack, but may have amplified losses
Security experts say attackers could have drained Binance’s wallets without EIP-7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards.

Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billio…
On October 29, 2026, an attacker drained about $6.15 billion from Binance in 31 minutes, one of the largest t…

Your day-ahead look for Oct. 30, 2026

On Ethereum, the attacker used a 2025 upgrade built to make ordinary wallets smarter, armed with 50 signature…
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