ethereum ·
Binance hack, $6.3 billion, exploited hot-wallet infrastructure via Ethereum EIP-7702
Exploitation of Binance's hot-wallet signing infrastructure, facilitated by Ethereum's EIP-7702 mechanism, marked the commencement of a $6.3 billion breach, according to the exchange.
The infiltration was achieved by adversaries linked to North Korea, who dedicated several months to compromising both the staff and the internal operational systems of Binance.
This sophisticated attack vector highlights vulnerabilities within established protocol interactions, specifically concerning the implementation of Ethereum's EIP-7702.
The protracted period of internal system compromise preceding the final exploit underscores the persistent threat posed by state-affiliated actors targeting critical infrastructure within decentralized finance ecosystems.
