RE: https://thecybersecguru.com/news/inance-hack-eip-7702-crypto-custody/
Binance Hack: How EIP-7702 Became Part of a $6.3 Billion Crypto Security Incident
A reported $6.3B incident raises serious questions about exchange hot-wallet security and transaction authorization.
The technical breakdown covers:
- EIP-7702 authorization mechanics
- The suspected compromise of signing infrastructure
- The reported movement of 167,464 ETH and $1.615B in USDT
- Cross-chain fund movements and asset freezes
- Lessons for crypto custody and key management
North Korea is the Primary suspect
Full technical analysis: https://thecybersecguru.com/news/binance-hack-eip-7702-crypto-custody/
Content warning: The October 29, 2026 Binance breach drained about $6.3 billion. Here is how attackers abused EIP-7702, why HSMs could not stop it, and what exchanges must change
The CyberSec GuruBinance $6.3B Hack Explained: EIP-7702 and Crypto Custody | The CyberSec GuruThe October 29, 2026 Binance breach drained about $6.3 billion. Here is how attackers abused EIP-7702, why HSMs could not stop it, and what exchanges must change