Binance Wallet Breach Sparks Warning From Cardano Founder Hoskinson

Cardano founder Charles Hoskinson warned about dangerous code after sharing an analysis of the Binance wallet breach. The report links Ethereum’s EIP-7702 delegation feature to rapid asset transfers, although the exchange has not confirmed how attackers obtained signing authorization. In an X post , Hoskinson cautioned that “Careful, there is some seriously dangerous code out there.” He shared a technical account by CyberSatoshi describing a contract allegedly designed to empty a busy exchange hot wallet. The loss caused by the wider attack on October 29 was pegged at $6.3 billion. The company’s announcement on October 30 indicated that investigators had not come across any stolen private keys. According to CyberSatoshi , there was a function that swept money and left only one ETH behind.

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