Hoskinson Flags ‘Dangerous’ EIP-7702 Code After Binance’s $6.3B Crypto Breach

Cardano’s founder Charles Hoskinson has echoed worries regarding Ethereum’s EIP-7702, following the investigators’ new allegation that the delegation function could be responsible for part of the massive Binance security breach. The exchange has lost about $6.3 billion worth of crypto, based on recent reporting, but inquiries into the exact how the attackers obtained signing access continues. Hoskinson shared a technical breakdown from researcher CyberSatoshi with a blunt warning : “Careful, there is some seriously dangerous code out there.” The Binance wallet known as “Binance 14” was the target of a custom sweeper contract, the analysis states.