Binance CEO confirms hot wallet drained via EIP-7702 delegation; TRM Labs ties attack to North Korea's TraderTraitor

Binance CEO Richard Teng confirms attackers used Ethereum's EIP-7702 delegation mechanism to gain execution authority over a hot wallet, bypassing normal transaction controls. The wallet lost 167,464 ETH (~$384M) and 1.6B USDT, over $6.28B across 8 blockchains. TRM Labs attributes the attack to North Korean group TraderTraitor with high confidence.

Detected & updated continuously · Source: Nebula