🚨 Breaking News: EIP-7702 Exploited by Crypto Theft Groups 🚨
According to a report from Odaily, cybersecurity expert Cosine from SlowMist revealed on X (formerly Twitter) that the newly introduced EIP-7702 mechanism is being actively exploited—not by traditional phishing groups, but by organized cryptocurrency theft rings.
The exploit allows for the automatic transfer of funds from wallets compromised by leaked private keys or mnemonic phrases. Alarming data shows that over 97% of EIP-7702 delegations have been authorized to malicious contracts, raising serious concerns about wallet security and the urgency for users to safeguard their credentials.
Stay alert and monitor wallet activity closely.