Ethereum EIP-7702 Phishing Exploits Lead to Significant Losses

Recent phishing attacks targeting Ethereum’s EIP-7702 upgrade have exposed users to the risk of financial loss through deceptive batch transactions. Scam Sniffer has issued warnings regarding these vulnerabilities, highlighting that malicious contracts are being exploited to trick users into transferring funds. This vulnerability has resulted in reported losses exceeding $66,000 for affected individuals and potentially nearing $1 million, exposing potential protocol-level weaknesses.