Ethereum: New proposal to disable EIP-7702, exploited in the Binance hack
Original headlineEthereum : nouvelle proposition pour désactiver l’EIP-7702, exploitée lors du piratage de Binance
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A new Ethereum improvement proposal, EIP-8476, has been submitted to network developers following the Binance hack, proposing a mechanism that would allow wallets to permanently opt out of EIP-7702. EIP-7702, which enables a wallet to delegate its management to a smart contract, was reportedly exploited by hackers to drain one of the exchange's wallets. The proposal matters because it addresses a security vulnerability at the protocol level rather than through individual user precautions, and its adoption could reshape how wallet delegation works across the ecosystem. Developers will now debate whether EIP-8476 should be included in an upcoming network upgrade, with the outcome likely to influence both wallet providers' implementation choices and user confidence in delegation features.
Muhabbit's AI wrote this summary in its own words from Cryptoast's report and translated it from French. It can get details wrong, so check the source.
Named in this story
EIP-7702, Ethereum (ETH), Binance, EIP-8476
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