Binance confirmed that it suffered a $6.3 billion hack, the largest in crypto history, and pledged to cover all losses. According to Blockaid, attackers compromised the exchange’s signing systems, while investigators found no evidence that private wallet keys had leaked. EIP-7702, introduced in Ethereum’s Pectra upgrade in May 2025, may have helped attackers bypass some safeguards and consolidate theft into a single transaction. Security experts stressed, however, that the funds could have been stolen without the upgrade, whose security risks were already known.
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