BINANCE CEO CONFIRMS ATTACKERS USED EIP-7702 TO BYPASS HOT WALLET SECURITY CONTROLS

First reported Oct 30, 2026, 15:04 UTC

Source reports

BINANCE CEO CONFIRMS ATTACKERS USED EIP-7702 TO BYPASS HOT WALLET SECURITY CONTROLS Binance CEO Richard Teng says attackers exploited Ethereum’s EIP-7702 delegation mechanism to gain execution authority over a Binance hot wallet, bypassing the exchange’s normal transaction… — @BitcoinNewsCom (X), Oct 30, 2026, 15:04 UTC
Binance Hacker Used a Self-Destruct Mechanism to Erase Traces, Teng Says. Co-CEO Richard Teng says the attacker used EIP-7702 to gain on-chain execution approval over a hot wallet, a delegation that bypassed Binance's normal approval controls. Binance is rebuilding its… — @DecryptMedia (X), Oct 30, 2026, 15:21 UTC
BINANCE ATTACKER USED EIP-7702 TO BYPASS WALLET CONTROLS, TENG SAYS @binance estimates the breach’s impact at $6.3 billion. Teng says the exchange is rebuilding withdrawal infrastructure before reopening. Read more here… — @DefiantNews (X), Oct 30, 2026, 15:36 UTC

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