Ethereum’s Pectra Upgrade Faces Security Concerns Amid Exploits

Concerns are mounting about the Ethereum Pectra upgrade as it becomes the target of malicious actors exploiting vulnerabilities in the new protocol. EIP-7702, designed to improve wallet functionality and allow standard Ethereum wallets to temporarily act like smart contracts, is attracting attention from those seeking to drain user funds. Security researchers have identified numerous exploits linked to this feature since its implementation earlier this year.