Ethereum’s EIP-7702 Feature From Pectra Upgrade Triggers Mass Wallet Theft
Description
Hackers are abusing the new EIP-7702 feature introduced in the Ethereum Pectra Upgrade to automate the transfer of ETH from wallets with stolen private keys. According to blockchain security researchers, attackers are using EIP-7702 to deploy smart contracts that drain funds without manual action.
Publish date
May 31, 2025