EIP-7702 Wallet Delegation Faces Scrutiny After Phishing Research
Ethereum’s EIP-7702 wallet delegation feature is facing renewed scrutiny after security research presented at the USENIX Security Symposium linked a large share of analyzed authorization transactions to attacker-controlled contracts.
The research found that 63% of EIP-7702 authorization transactions in the analyzed sample were connected to malicious contracts, with automated wallet-draining activity contributing to more than $2.3 million in confirmed thefts.
That sounds alarming, but the f