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Ethereum’s EIP-7702 Exploit Sparks $150K Phishing Frenzy—Because Crypto Can’t Catch a Break
Ethereum’s EIP-7702 Exploit Sparks $150K Phishing Frenzy—Because Crypto Can’t Catch a Break
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Another day, another cleverly named Ethereum proposal turning into a hacker’s playground. This time, it’s EIP-7702—draining wallets faster than a degenerate trader’s margin account.
How it happened: Phishers weaponized the proposal’s upgrade path, spinning up fake authorization prompts that looked legit enough to fool even seasoned ETH holders. The result? A cool $150K vanishing act—just add blockchain.
Why it matters: Every ’innovation’ in crypto seems to come with a free exploit starter kit. Meanwhile, the ’bankless future’ still can’t solve the oldest trick in the book: ’Hey, click this.’
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