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EIP-7702 didn’t cause Binance hack, but may have amplified losses
Published Source: CoinTelegraphRead original
Crypto Insight Summary: Security experts say attackers could have drained Binance’s wallets without EIP-7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards. Crypto Insight Analysis: Direction: Bearish BNB / Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: A Binance hack and EIP-7702 safeguard concerns may hurt BNB and ETH sentiment, but are unlikely to reshape the broad market.