Developers Warned of EIP-7702 Asset Theft Risk Two Years Ago

Regarding suspicions of a hack targeting Binance, some community members suggest the attacker may have exploited Ethereum’s EIP-7702 mechanism to gain control over users’ wallets and transfer assets. X user 0xVEER noted that developer 0xjustadev had publicly warned about such risks nearly two years ago—while EIP-7702 was still under discussion. As of now, Binance has not confirmed any link between this incident and EIP-7702; all related claims remain speculative community theories. The screenshot shared originates from an October 2024 Ethereum community forum thread discussing EIP-7702 (“Set EOA account code”), where a developer observed that at the time, most prevalent phishing attacks relied on the highly readable and easily spoofable EIP-712 signature scheme—and that this proposal could enable attackers to…