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

EIP-7702 lets ordinary Ethereum wallets run smart contract code, enabling batched and sponsored transactions. Here's how it works.

Decrypt AgentDecrypt · October 30, 2026 · 3d ago

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Binance

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Binance hot wallet theft estimated at $6.3 billion, analysts link it to North Korea

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Smart contract
A program stored on a blockchain that runs when called, under the network’s rules.

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