A crypto investor lost $1.54 million in a phishing scam exploiting Ethereum’s new EIP-7702, introduced in the May 2025 Pectra upgrade. The feature lets wallets act like smart contracts, enabling batch operations. Attackers used a fake DeFi site resembling Uniswap, tricking the victim into signing a malicious delegation that drained assets instantly, including wstETH and cbBTC. Security researchers warn that over 90% of EIP-7702 delegations link to malicious “sweeper” contracts. Experts urge users to verify URLs, limit approvals, revoke unused permissions, and use wallets with enhanced warnings. The case highlights innovation-security tradeoffs in Ethereum’s evolving ecosystem.
LIVE
Mkt Cap $2.30T
BTC Dom 56.78 %
BTC
$65,086.00
▲ +1.00%
ETH
$1,918.93
▲ +1.30%
USDT
$0.999441
▲ +0.00%
BNB
$591.34
▲ +0.00%
USDC
$0.999725
▲ +0.00%
XRP
$1.03
▼ -1.00%
SOL
$73.95
▲ +1.40%
TRX
$0.32792
▲ +0.20%
FIGR_HELOC
$1.03
▲ +1.40%
HYPE
$56.05
▲ +2.50%
DOGE
$0.069824
▲ +1.80%
USDS
$0.999929
▲ +0.00%
RAIN
$0.012736
▲ +1.40%
LEO
$9.76
▲ +0.20%
ZEC
$510.05
▲ +4.00%
ADA
$0.197628
▲ +4.40%
XMR
$369.21
▲ +2.10%
WBT
$56.25
▲ +0.90%
LINK
$8.26
▲ +1.90%
XLM
$0.160624
▲ +0.60%
DAI
$0.999908
▲ +0.00%
BCH
$215.29
▲ +2.10%
USD1
$0.999811
▲ +0.00%
USDE
$0.999825
▲ +0.00%
GRAM
$1.34
▼ -2.50%
Mkt Cap $2.30T
BTC Dom 56.78 %
BTC
$65,086.00
▲ +1.00%
ETH
$1,918.93
▲ +1.30%
USDT
$0.999441
▲ +0.00%
BNB
$591.34
▲ +0.00%
USDC
$0.999725
▲ +0.00%
XRP
$1.03
▼ -1.00%
SOL
$73.95
▲ +1.40%
TRX
$0.32792
▲ +0.20%
FIGR_HELOC
$1.03
▲ +1.40%
HYPE
$56.05
▲ +2.50%
DOGE
$0.069824
▲ +1.80%
USDS
$0.999929
▲ +0.00%
RAIN
$0.012736
▲ +1.40%
LEO
$9.76
▲ +0.20%
ZEC
$510.05
▲ +4.00%
ADA
$0.197628
▲ +4.40%
XMR
$369.21
▲ +2.10%
WBT
$56.25
▲ +0.90%
LINK
$8.26
▲ +1.90%
XLM
$0.160624
▲ +0.60%
DAI
$0.999908
▲ +0.00%
BCH
$215.29
▲ +2.10%
USD1
$0.999811
▲ +0.00%
USDE
$0.999825
▲ +0.00%
GRAM
$1.34
▼ -2.50%
BTC
$65,086.00
▲ +1.00%
ETH
$1,918.93
▲ +1.30%
USDT
$0.999441
▲ +0.00%
BNB
$591.34
▲ +0.00%
USDC
$0.999725
▲ +0.00%
XRP
$1.03
▼ -1.00%
SOL
$73.95
▲ +1.40%
TRX
$0.32792
▲ +0.20%
FIGR_HELOC
$1.03
▲ +1.40%
HYPE
$56.05
▲ +2.50%
DOGE
$0.069824
▲ +1.80%
USDS
$0.999929
▲ +0.00%
RAIN
$0.012736
▲ +1.40%
LEO
$9.76
▲ +0.20%
ZEC
$510.05
▲ +4.00%
ADA
$0.197628
▲ +4.40%
XMR
$369.21
▲ +2.10%
WBT
$56.25
▲ +0.90%
LINK
$8.26
▲ +1.90%
XLM
$0.160624
▲ +0.60%
DAI
$0.999908
▲ +0.00%
BCH
$215.29
▲ +2.10%
USD1
$0.999811
▲ +0.00%
USDE
$0.999825
▲ +0.00%
GRAM
$1.34
▼ -2.50%
Mkt Cap $2.30T
BTC Dom 56.78 %
BTC
$65,086.00
▲ +1.00%
ETH
$1,918.93
▲ +1.30%
USDT
$0.999441
▲ +0.00%
BNB
$591.34
▲ +0.00%
USDC
$0.999725
▲ +0.00%
XRP
$1.03
▼ -1.00%
SOL
$73.95
▲ +1.40%
TRX
$0.32792
▲ +0.20%
FIGR_HELOC
$1.03
▲ +1.40%
HYPE
$56.05
▲ +2.50%
DOGE
$0.069824
▲ +1.80%
USDS
$0.999929
▲ +0.00%
RAIN
$0.012736
▲ +1.40%
LEO
$9.76
▲ +0.20%
ZEC
$510.05
▲ +4.00%
ADA
$0.197628
▲ +4.40%
XMR
$369.21
▲ +2.10%
WBT
$56.25
▲ +0.90%
LINK
$8.26
▲ +1.90%
XLM
$0.160624
▲ +0.60%
DAI
$0.999908
▲ +0.00%
BCH
$215.29
▲ +2.10%
USD1
$0.999811
▲ +0.00%
USDE
$0.999825
▲ +0.00%
GRAM
$1.34
▼ -2.50%
