News linked to both this project and an event.
Odaily Report: Derek Chiang, founder of ZeroDev and a developer involved with EIP-7702, posted on X stating that first, to be clear — EIP-7702 itself has no vulnerability. If you are using a wallet that supports EIP-7702 (MetaMask, Uniswap, Ambire, etc.), please do not panic.EIP-7702 is an Account Abstraction improvement proposal that allows externally owned accounts (EOAs) to sign a special message called a "7702 authorization," thereby embedding a smart contract into that account. This enables accounts to achieve powerful functionality, such as transaction batching — combining "authorization" and "transfer" into a single transaction, allowing you to complete a swap on Uniswap with just one click.Unfortunately, the same feature also allows hackers to efficiently transfer all your tokens in a single transaction. In the Binance hack incident, the hacker moved ETH, USDT, and 62 other tokens in one transaction, whereas without EIP-7702, they would have needed to send a separate transaction for each token. In this particular incident, many such transactions would have failed anyway, because Binance was still using the compromised wallet for withdrawals at the time, so all transactions sent by the hacker had to compete with legitimate transactions for Nonce (transaction sequence number). Therefore, using EIP-7702 did help the hacker steal funds as quickly and as extensively as possible.However, for the hacker to use EIP-7702, one of the following conditions must have been met: first, they obtained the private key; second, they tricked Binance into signing a 7702 authorization — the latter is highly unlikely, as it is hard to imagine Binance exposing an endpoint used for signing 7702 authorizations (or worse, signing raw messages that could be repackaged by the hacker for 7702 authorization). But until the official postmortem report is released, this possibility cannot be completely ruled out.Derek Chiang added: "As one of the contributors to account abstraction, I feel somewhat responsible for this hack incident, because while giving accounts more powerful functionality, we have indeed also given hackers stronger capabilities."
Odaily reports: Smart contract developer Justin Kalland posted on X that the Binance hacker appears to have made a potential mistake, and MetaMask should retain as much of any Web2 logs as they can obtain.Specifically, the hacker sent 175 million USDT to a new wallet, and about 2.5 minutes later, that wallet also received 2 ETH. This was likely used to pay for Gas fees, consistent with the pattern used by their other attack wallets.Exactly two minutes after that, the wallet used MetaMask's Gas Station service, even though it already had Gas fees at the time. Three consecutive transactions landed in the same block — an ETH top-up from Gas Station, an infinite USDT approval to the Kyber Network router, and a payment of 127.67 USDT to Gas Station. The amount of the ETH top-up exactly matched the combined maximum Gas budget of the Kyber approval and the USDT payment. Accurate down to wei (the smallest Ethereum unit).But the problem is that the ETH they had at the time was already fully sufficient to cover both fees, so a reasonable speculation is that they were using a MetaMask wallet at the time and, due to haste, mistakenly selected USDT to pay for Gas fees. For convenience, MetaMask sometimes defaults to this method, and the order of top-ups within the same block also matches how its implementation mechanism works.To use Gas Station in MetaMask, users must use MetaMask Sentinel. This means the transactions were broadcast through them, rather than through a regular RPC. This interaction likely left off-chain records at MetaMask, which may include IP metadata.Among all the attacker's wallets that have been checked, this is the only wallet showing use of Gas Station, and the wallet address is: 0xAa246BF639586a6Ba46762D378CE50cA4fc654a0.
According to Cointelegraph, Ethereum researcher Justin Drake warned that the rapid advancement of AI could accelerate mathematical attacks against the Elliptic Curve Digital Signature Algorithm (ECDSA), potentially breaking existing cryptographic systems within months under the worst-case scenario, and called on the industry to initiate "bunker mode"—transferring assets to new addresses with previously unexposed public keys to mitigate risk. Several industry insiders, however, expressed reservations. Coinbase Chief Cryptographer Yehuda Lindell stated there is currently "no evidence" that the mathematical assumptions underpinning ECDSA have been weakened; Trezor Bitcoin analyst Lucien Bourdon similarly noted that migrating assets could backfire and inadvertently create opportunities for scams. MetaMask founder Taylor Monahan was even more direct, asserting that if elliptic curve cryptography were truly compromised, "the entire world would go to zero," rendering bunker mode ineffective. Meanwhile, Ethereum has laid out a post-quantum roadmap based on hash-based signatures and ZK proofs, while public blockchains such as Solana and NEAR are also exploring their own quantum-safe alternatives, though concrete deployment timelines remain unset.
Odaily News: Payment app Cash App is expanding its cryptocurrency services through crypto payment platform MoonPay, allowing 50 million users to purchase tokens such as ETH, SOL, XRP, and USDT. Additionally, users can top up major wallets like Ledger, BitPay, Trust Wallet, MetaMask, and Uniswap through Cash App. Previously, Cash App's crypto services only supported Bitcoin, with USDC support added earlier this year. (CoinDesk)
on-chain analyst Ai Yi posted on Platform X, stating that Memecoins are becoming the primary traffic gateway for Robinhood Chain. CASHCAT reached a market cap of $100 million within five hours, and Robinhood CEO @vladtenev participated in related discussions. Robinhood Chain saw over 10,000 new tokens launched in a single day, with DEX trading volume exceeding $560 million. Robinhood Chain is an L2 network. Users can add the network via wallets such as OKX, Binance, and MetaMask, with Chain ID 4663. The official Robinhood Wallet is available on iOS and Android mobile apps and features cross-chain functionality. Cross-chain methods on Robinhood Chain include the official cross-chain bridge, Robinhood Wallet, and third-party aggregators like Relay, Stargate, and Across. Withdrawals via the official cross-chain bridge have a 7-day waiting period. DEXs on the Robinhood Chain ecosystem include Uniswap and NOXA Fun. Meme tracking tools include DEXScreener and GMGN.
B.AI has officially integrated into the Solana ecosystem, comprehensively upgrading its cross-chain login and payment capabilities. Users can now log in with one click via MetaMask and Phantom wallets and top up or subscribe using SOL, USDT, USDC, or WBTC on the Solana network. B.AI now supports eight major public blockchains—TRON, BNB Chain, Ethereum, Base, Arbitrum, Optimism, Polygon, and Solana—building a more open and decentralized multi-chain AI economy. New users enjoy an exclusive limited-time welcome offer: 500,000 points upon first login, a 1:1 bonus on top-ups, and up to an additional $100 worth of points per user. Going forward, B.AI will lower entry barriers and expand asset options to help you seamlessly enter the new era of intelligent economics.
according to sources familiar with the matter, MetaMask developer Consensys has postponed its U.S. IPO plans to earliest this fall. The company originally planned to submit a draft S-1 filing with the SEC by the end of February, but market demand weakened due to the market downturn in February, macroeconomic uncertainty, and Bitcoin ETF outflows. Besides Consensys, Kraken and Ledger have also paused their IPO plans.Consensys completed a $450 million funding round in 2022 at a valuation of $7 billion. Additionally, BitGo, which was the first crypto company to go public in 2026, raised $213 million but has since seen its stock price drop 36% from its $18 offering price, reflecting the public market's cautious approach toward valuing crypto infrastructure companies.