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How the Binance hack happened on-chain on Ethereum

Protos · · Security · Exchanges · Ethereum

The Binance hack is one of the largest heists of all time and relied, in part, on exploiting how wallet delegation functions on Ethereum. Specifically, the attacker appears to have deployed a sweeper contract and then sent 50 EIP-7702 authorizations targeting the address labeled as Binance 14, all...

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