Altcoins News
By Julie Binoche
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Ethereum’s most recent upgrade, Pectra, was expected to bring major improvements to wallet usability and security.
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At the center of the controversy is a feature called EIP-7702, introduced as part of the Pectra update.
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Just weeks after going live, malicious actors began using EIP-7702 in a series of "sweeper attacks.
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Security researchers at Wintermute were among the first to spot the disturbing pattern. Their analysis revealed that over 80% of delegations using EIP-7702 are tied to a single…
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The way these sweeper attacks work is alarmingly simple. Once attackers gain control of a wallet—usually through phishing schemes or malware—they execute a batched transaction…
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The rise in these attacks has led many to question the overall impact of Ethereum’s latest innovations.
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According to blockchain security firm Scam Sniffer, the root of the issue lies not with Ethereum’s code but with poor key management and weak user protection mechanisms.
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Security experts argue that the real solution lies in better wallet design and user interface improvements.
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The Pectra upgrade, and particularly EIP-7702, highlights the delicate balance Ethereum developers must strike between innovation and security.
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As Ethereum continues to evolve, one thing is clear: smarter features must come with smarter safeguards.
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