by: xpoolPosted on:

Ethereum Wallet Exploitation Threatens Users: New EIP-7702 Vulnerability Revealed

A sophisticated phishing attack targeting Ethereum wallets using a vulnerability in the EIP-7702 batch delegation mechanism has resulted in losses exceeding $5.29 million. Security firm SlowMist revealed this exploit in April 2025, highlighting how attackers are leveraging a legitimate feature to drain user funds. SlowMist’s analysis emphasizes the attack’s ingenuity, using an unexpected angle to exploit the existing system.

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