What is EIP-7702? The Ethereum Upgrade Behind the $6.4B Binance Hack
EIP-7702 lets ordinary Ethereum wallets run smart contract code, enabling batched and sponsored transactions. Here's how it works.
What happened
EIP-7702 lets ordinary Ethereum wallets run smart contract code, enabling batched and sponsored transactions. Here's how it works.
Why it matters
The incident may affect operational continuity, asset safety or trust around Ethereum, Binance. Watch for verified scope and remediation.
Affected entities
Ethereum · ETHNeutralBinanceNeutral
View evidence
1 reports · 1 original report · 1 independent
- DecryptPrimary source · Supports · EN · 100%What is EIP-7702? The Ethereum Upgrade Behind the $6.4B Binance Hack ↗
Claims
- What is EIP-7702? The Ethereum Upgrade Behind the $6.4B Binance Hack Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
Market move following event
ETH · 15 min+0.12%
ETH · 1 h-0.12%
ETH · 4 hUnavailable
ETH · 24 hUnavailable
Score explanation
Confidence · formula confidence-2.1.0
Source trust65
Independent corroboration51
Primary evidence35
Claim consistency82
Extraction confidence82
Attribution quality90
Impact · formula impact-2.1.0
Event magnitude96
Market relevance74
Entity significance94
Market breadth63
Novelty68
Urgency96
capital magnitude29
Ranking · formula rank-1.0.0
Confidence factor0.82
Freshness factor0.9999
Breaking bonus8