Security Alert: Beware of EIP-7702 Phishing Batch Transaction Trap

By: theblockbeats.news|2025/08/24 14:22:11
0
Share
copy

BlockBeats News, August 24th, SlowMist founder Cao Yun retweeted a security alert posted by ScamSniffer, indicating that today, once again, a user lost approximately $1.54 million due to signing an EIP-7702 phishing batch transaction, involving ETH, BTC, and multiple tokens staked on Ethereum. The principle behind EIP-7702 is to delegate user EOA address authorization to MetaMask: EIP-7702 Delegator, and to complete subsequent token transfer operations through its contract call. This phishing method has been industrialized by mainstream phishing groups. If one is inadvertently induced to make transactions, the entire account assets will be lost. Users are reminded to verify the authenticity of the website and links before confirming transactions to prevent fraud.

Earlier on August 22nd, according to ScamSniffer monitoring, a user signed a phishing batch EIP-7702 transaction disguised as a Uniswap swap trade and lost approximately $1 million in tokens and NFTs. The attacker disguised themselves as the Uniswap trading interface, induced the user to sign the transaction, and embedded malicious code or authorization in the transaction.

You may also like

More brutal than a bear market, OpenClaw founder advises young people to stay away from crypto

This is not just a disdain for financial nihilism, but also a migration of talent, capital, and attention that is currently happening.

JPMorgan and Goldman raise gold price targets; will on-chain finance welcome a new reserve asset cycle?

Wall Street giants adjust gold price expectations, Matrixdock proposes the concept of Reserve Layer: tokenized gold XAUm, with its institutional-grade compliance structure, is evolving into the underlying reserve asset of on-chain finance.

dFans: OnlyFans of the AI Era

As the industrialization capability of AI video matures, the "industrialization singularity" of AI content creation has arrived. Tools like OpenAI, Google Veo, and Runway have achieved controllable creation, significantly lowering the barriers to content production. AI content creators are emerging ...

Tron Industry Weekly Report: Geopolitical Turmoil Escalates, BTC Continues to Test $60,000, Detailed Explanation of the Protocol Konnex for AI Autonomous Collaboration and Settlement on the Chain

TRON Industry Weekly Report

From CTA to AI: The Evolution of Adaptive Quant Strategies in Crypto Markets

Explore how an LLM-powered AI market-neutral trading strategy achieved a 2.75 Sharpe ratio with controlled drawdown. Inside crypto_trade’s adaptive hedging system at the WEEX AI Trading Hackathon.

How 30+ Global Sponsors Powered WEEX AI Trading Hackathon Into a $1.88M Carnival

Discover how 30+ global sponsors including AWS helped power the $1.88M WEEX AI Trading Hackathon, turning AI strategies into live crypto market competition.