The recent Pectra upgrade to Ethereum has left the EIP-7702 feature vulnerable to exploitation, raising significant security concerns within the community. This exploit, identified by security firms following […]
Ethereum’s EIP-7702 Feature Sparks Security Concerns as Hackers Exploit New Functionality
A new feature in the Ethereum network, EIP-7702, which introduces account abstraction to wallets for improved user interface and smart contract functionality emulation, has unfortunately opened a door […]
EIP-7702 Feature Sparks Concerns Over Abuse in Ethereum’s Pectra Upgrade
Concerns are mounting around the potential misuse of EIP-7702, a feature introduced in Ethereum’s Pectra upgrade. Wintermute has issued an alert highlighting that over 80% of authorizations for […]
Ethereum EIP-7702: Security Concerns Rise Amid Developer Scrutiny
The Ethereum community is raising concerns about the upcoming EIP-7702 upgrade, which aims to enhance smart contracts’ compatibility with externally owned accounts (EOAs). While the upgrade promises increased […]
EIP-7702 Exploitation Fuels Coin Theft Surge on Ethereum
A recent surge in cryptocurrency theft has been linked to the misuse of EIP-7702, a crucial upgrade introduced during the Pectra Ethereum protocol. Blockchain security firm SlowMist highlights […]
Crypto Theft Exploits EIP-7702 Mechanism: Unlocking New Security Risks
Recent investigations reveal that criminal groups are exploiting a vulnerability in Ethereum’s EIP-7702 protocol to steal crypto assets. This mechanism, while intended for secure asset delegation, is now […]
EIP-7702 Security Vulnerability Fuels Crypto Theft Fears
Concerns are mounting within the cryptocurrency community as malicious actors exploit a vulnerability in the EIP-7702 protocol, leading to significant financial losses and raising questions about the security […]
Crypto Theft Groups Exploit New EIP-7702 Mechanism
A new mechanism, EIP-7702, designed for automatic fund transfers within the cryptocurrency ecosystem is being actively exploited by criminal groups. Security firm SlowMist’s Cosine highlighted on X (formerly […]
Inferno Drainer Phishing Attack Steals $150K Using EIP-7702 Exploit
A new phishing attack, orchestrated by the group known as Inferno Drainer, has exploited a vulnerability in Ethereum’s EIP-7702 feature to steal $150,000. This sophisticated attack involved leveraging […]
Ethereum Phishing Attacks Surge with New EIP-7702 Exploit
Recent incidents highlight the growing threat of phishing scams targeting Ethereum users leveraging the new EIP-7702 functionality in wallets. While previously limited to single-token transfers, attackers are now […]
Ethereum Pectra Upgrade Risks Exposed: Phishing Scam Targeted Users
Following the activation of Ethereum’s EIP-7702 upgrade on May 7, many users have been eager to enable smart accounts for enhanced user experience. However, this move has exposed […]
Security Alert Issued: Phishing Scam Targets EIP-7702 Users
GoPlus Security issued a critical alert on May 20th regarding a phishing scam that exploits users who have enabled EIP-7702 smart accounts following the Pectra upgrade. This scam […]
Ethereum’s EIP-7702: Transforming Wallets Into Smart Contracts
A new Ethereum proposal, EIP-7702, is set to revolutionize the way users interact with their cryptocurrency. This proposal aims to empower users to leverage smart contract functionalities while […]
Ethereum’s New Wallet Tech Will Revolutionize User Access
Ethereum is set to change how users interact with their wallets forever with the upcoming Pectra upgrade, a move powered by EIP-7702. This innovative update will introduce new […]
Ethereum’s Pectra Upgrade Introduces New Risks, Challenges & Opportunities
Ethereum’s recent Pectra upgrade (EIP-7702) has been implemented, bringing about significant changes to wallets and gas payments. While the upgrade marks a major step forward for scalability and […]