Ethereum Wallet Delegation Feature Faces Scrutiny After Attacker Findings

TLDR A peer-reviewed study for USENIX Security ’26 found attacker-linked contracts tied to 63% of Ethereum’s EIP-7702 authorization transactions. Researchers tracked 3.66 million authorization transactions across seven chains through July 2025. Detected losses totaled $2.36 million, with another $10.14 million in assets exposed through outdated contract defenses. Attackers were found rebinding accounts to normal-looking code [...]

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