WLFI Holders Targeted as Hackers Use Ethereum’s EIP-7702 Exploit

, By Cointelegraph
Blockchain

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World Liberty Financial’s (WLFI) governance tokenholders are being hit with a known phishing wallet exploit using Ethereum’s EIP-7702 upgrade, SlowMist founder Yu Xian says.

Ethereum’s Pectra upgrade in May data-ct-non-breakable=”null” href=”https://eips.ethereum.org/EIPS/eip-7702″ rel=”noopener nofollow” target=”_blank” title=”null”>introduced EIP-7702, which allows external accounts to temporarily act like smart contract wallets, delegating execution rights and allowing batch transactions, which are aimed at streamlining a user’s experience. 

Xian data-ct-non-breakable=”null” href=”https://x.com/evilcos/status/1962534941901902057″ rel=”noopener nofollow” target=”_blank” title=”null”>said in an X post on Monday that hackers are exploiting the upgrade to pre-plant a hacker-controlled address in victim…



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WLFI Holders Targeted as Hackers Use Ethereum’s EIP-7702 Exploit

, Published By Cointelegraph
Blockchain


World Liberty Financial’s (WLFI) governance tokenholders are being hit with a known phishing wallet exploit using Ethereum’s EIP-7702 upgrade, SlowMist founder Yu Xian says.

Ethereum’s Pectra upgrade in May data-ct-non-breakable=”null” href=”https://eips.ethereum.org/EIPS/eip-7702″ rel=”noopener nofollow” target=”_blank” title=”null”>introduced EIP-7702, which allows external accounts to temporarily act like smart contract wallets, delegating execution rights and allowing batch transactions, which are aimed at streamlining a user’s experience. 

Xian data-ct-non-breakable=”null” href=”https://x.com/evilcos/status/1962534941901902057″ rel=”noopener nofollow” target=”_blank” title=”null”>said in an X post on Monday that hackers are exploiting the upgrade to pre-plant a hacker-controlled address in victim…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Accel leads $47m round in Indian ecommerce startup CityMall
Next News
Offgrid Energy Labs raises $15 Mn led by Archean Chemical Industries
Cointelegraph

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