Ethereum function may have prolonged attack on Binance
BROBROK News · Based on reporting by CriptoNoticias ·
According to CriptoNoticias, an attack on Binance was extended by an Ethereum feature tied to EIP-7702 delegation. Halting withdrawals did not deactivate the authorization used by the attacker, so the exchange had to create a specific process to revoke it.
Key points
- The report points to EIP-7702 delegation as a factor that kept the attack going.
- Stopping withdrawals was not enough to disable the attacker’s access.
- Binance reportedly built a procedure to cancel the delegation during the incident.
- The case shows how blockchain-level features can complicate exchange incident response.
Why it matters
The incident suggests that network features on chains like Ethereum can affect how quickly centralized platforms can contain attacks. For crypto investors, it highlights the operational risk exchanges face when permissions and on-chain authorizations are involved.
Original headline: “Una función de Ethereum prolongó el ataque a Binance: ¿qué pudo hacer el exchange?”
Read the original on CriptoNoticias
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.