Ethereum’s Pectra Update Feature EIP-7702 Becomes a Tool for Wallet Drainers

Scammers are exploiting Ethereum’s new EIP-7702 feature to drain funds from wallets with compromised private keys. The upgrade, introduced on May 7 as part of Ethereum’s Pectra update, has already been linked to over 12,000 transactions involving suspicious contracts. EIP-7702: Wallet Flexibility Feature Now an Attack Vector EIP-7702 was developed to improve Ethereum wallet usability. […] The post Ethereum’s Pectra Update Feature EIP-7702 Becomes a Tool for Wallet Drainers appeared first on Coin Edition.