Analysts at Wintermute, a crypto trading firm, noted that attackers used 97% of EIP-7702 wallet delegations to deploy contracts designed to drain funds from unsuspecting users.
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Ethereum Pectra Upgrade is Largely Benefitting Crypto Theft Gangs
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Wintermute publicly reported that Ethereum's Pectra upgrade has enabled mass wallet-draining attacks through EIP-7702-enabled smart contracts.
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