Binance CEO Richard Teng Confirms Hackers Used EIP-7702 Delegation

Binance CEO Richard Teng confirmed that hackers used EIP-7702 delegation to compromise a hot wallet, identifying the attack method at the center of a security incident involving the exchange. Teng’s statement links the wallet breach to a specific technique: delegation through EIP-7702. The account identifies a hot wallet as the target and delegation as part of how hackers exploited it. Those details give the incident a technical focus rather than leaving it as a general report of unauthorized access. The key development is the confirmation of the delegation mechanism.