What is EIP-7702? The Ethereum Upgrade Behind the $6.4B Binance Hack

Decrypt · Fri, 30 Oct 2026 14:17:34 GMT

Hype 32/100 · Market impact 45/100 · Breaking 51/100

Tags: ETH

EIP-7702 is an Ethereum proposal that allows standard wallets to execute smart-contract code, enabling transactions to be batched and their fees to be sponsored.

Read the full story on Decrypt →

Related coverage

Crypto Price Analysis Oct-30: ETH, XRP, ADA, BNB, and HYPE
How the Binance Hacker Outsmarted Stablecoin Freezes
EIP-7702 didn’t cause Binance hack, but may have amplified losses
DEX swaps and arbitrage drive Ethereum fees above $56M on the day after Binance hack
Binance hacker’s Bitcoin haul tops Coinbase’s corporate treasury