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#EIP-7702 exploit

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Allora Freezes Stolen ALLO Tokens and Begins Full Binance Recovery
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Allora Freezes Stolen ALLO Tokens and Begins Full Binance Recovery

Key Highlights: Binance set aside over $6.34 billion to cover affected assets and started acquiring missing tokens following an exploit of Ethereum’s EIP-7702 authorization standard. Major industry partners aided recovery efforts by freezing roughly $3 billion, including Tether locking over $1.567 billion in USDT and Circle freezing more than $800 million in USDC. Binance co-CEO ...