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đšIS ETHEREUMâS NEW UPGRADE A GIFT TO HACKERS? Wintermute says bots are using Ethereumâs Pectra update to DRAIN wallets automatically. You NEED to see this âŹïž https://bsc.news/post/ethereum-pectra-upgrade-exploited-by-bots
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đšJUST IN: UNICĂMBIO, ONE OF PORTUGALâS LARGEST FOREIGN EXCHANGE AGENCIES, ADOPTED @RIPPLE PAYMENTS
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đšJUST IN: UNICĂMBIO, PORTUGALâS LARGEST FOREIGN EXCHANGE AGENCIES, ADOPTED @RIPPLE PAYMENTS
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ETHEREUMâS NEW FEATURE IS BEING ABUSED TO DRAIN WALLETS? - Ethereumâs recent âPectraâ upgrade included EIP-7702, a feature meant to improve wallet usability. - It lets wallets temporarily behave like smart contracts, batch multiple actions, sponsor gas fees, and add spending controls. - But Wintermuteâs analysis shows over 80% of EIP-7702 delegations link to automated âsweeperâ contracts that drain wallets with leaked private keys. - Wintermute calls the main culprit contract âCrimeEnjoyor.â Itâs simple, copy-pasted code, now behind the majority of these delegations. - These bots automatically âsweepâ funds from compromised wallets and send the ETH to attackers. - Wintermute decoded the bytecode to reveal these malicious contracts publicly, aiming to raise awareness. Is EIP-7702 Optional? - Wintermuteâs research found 97% of all EIP-7702 delegations used near-identical malicious code. - Per reports, EIP-7702 is optional and not required for basic Ethereum operations. But its ease of delegation makes it ripe for abuse, especially among users with compromised private keys. - Security experts warn wallet providers to clearly show delegation targets to users, to reduce phishing risks. SlowMist called for vigilance, saying phishing gangs quickly adapted. - The core problem isnât EIP-7702 itself. As security expert Taylor Monahan explained, itâs the persistent struggle to secure private keys. The upgrade reportedly makes automated attacks faster and cheaper. - Since Pectra went live on May 7, over 12,000 EIP-7702 transactions have occurred. Wintermute urges the community to flag compromised contracts and protect users. - Security firm, Scam Sniffer, spotted a wallet losing nearly $150,000 in a single batched transaction tied to the Inferno Drainer scamâa known crypto malware service.
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đšUPDATE: WINTERMUTE REVEALS PECTRAâS NEW FEATURE IS BEING ABUSED BY BOTS TO DRAIN UNSUSPECTING WALLETS IN SWEEPER ATTACKS
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