Clarence.

🚨 THIS IS HOW BINANCE GOT HACKED FOR $5.8 BILLION: And the scariest part isn't the amount. It's how the attack was carried out. The attacker used EIP-7702 to turn a Binance hot wallet into a malicious smart contract sweeper. Here's how it happened: → The attacker funded an operator wallet through Tornado Cash and deployed a malicious contract hours before the attack. → They tested the same mechanism on three smaller wallets. → Then they bundled 50 EIP-7702 authorizations into one transaction. One matched Binance's wallet nonce and was accepted. →The wallet delegated execution to the attacker's contract, which drained 167,464 $ETH and 63 different tokens, including $1.615B in $USDT. But how did the attacker get those authorizations? Preliminary investigation points to compromised signing infrastructure rather than a stolen private key. There's also a striking connection to the $1.5B Bybit hack. The attacks look very similar. Bybit's signing workflow was compromised, allowing attackers to get malicious transactions approved. Different exploits, same fundamental weakness: you don't need to break a wallet if you can compromise the process that authorizes transactions. And this is where AI makes things even more concerning. Previous hacks are publicly documented. Exploits, smart contracts, and attack patterns are available for anyone to study. With AI coding tools, reverse-engineering old attacks and adapting them into new malware is becoming significantly easier. The barrier to building sophisticated attacks is getting lower, while attackers can experiment and iterate much faster. Don't assume your funds are safe just because they're sitting on a major exchange or behind a hardware wallet. Be extremely careful where you keep your money. Limit your exposure, understand what you're signing, and never treat security as something you can outsource completely. Stay safe.