⚡️💬 NEW - Binance CEO confirms attackers used EIP-7702 to Bypass hot wallet Security Controls
Binance CEO Richard Teng says attackers exploited Ethereum’s EIP-7702 delegation mechanism to gain execution authority over a Binance hot wallet, bypassing the exchange’s normal transaction approval controls.
Teng confirmed the attack involved multiple individuals who deployed self-destruct mechanisms to erase tools and traces during the breach.
Binance expects to restore withdrawals within 40 hours, ahead of Sunday, and plans to publish a full Proof of Reserves report by Monday.
The exchange is conducting a company-wide security review covering endpoints, cloud infrastructure, private key management and transaction signing.
flash / FLASH
npub1f4…0r407
2026-10-30 20:11:21 UTC
Author Public Key
npub1f4uyypghstsd8l4sxng4ptwzk6awfm3mf9ux0yallfrgkm6mj6es50r407Published at
2026-10-30 20:11:21 UTCEvent JSON
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"pubkey": "4d7842051782e0d3feb034d150adc2b6bae4ee3b49786793bffa468b6f5b96b3",
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"kind": 1,
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"content": "⚡️💬 NEW - Binance CEO confirms attackers used EIP-7702 to Bypass hot wallet Security Controls\n\nBinance CEO Richard Teng says attackers exploited Ethereum’s EIP-7702 delegation mechanism to gain execution authority over a Binance hot wallet, bypassing the exchange’s normal transaction approval controls.\n\nTeng confirmed the attack involved multiple individuals who deployed self-destruct mechanisms to erase tools and traces during the breach.\n\nBinance expects to restore withdrawals within 40 hours, ahead of Sunday, and plans to publish a full Proof of Reserves report by Monday.\n\nThe exchange is conducting a company-wide security review covering endpoints, cloud infrastructure, private key management and transaction signing. \nhttps://blossom.primal.net/449134117fa597f639bee9325dd9f5c303181de14913455bcf3714452524ba61.mp4",
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}