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

Blockbeats
Aug 24

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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