Cardano’s Hoskinson warns of dangerous code as Binance investigates $6.3 billion wallet breach

Charles Hoskinson, founder of Cardano , issued a caution to the crypto community after analyzing a recent incident where a Binance wallet suffered a major breach. In his X post, Hoskinson highlighted the presence of highly dangerous code in the attack, as detailed by a researcher known as CyberSatoshi. The analysis suggests that the exploit may be linked to Ethereum ’s EIP-7702 delegation feature, although Binance has not confirmed this connection nor disclosed precisely how the attackers gained signing authority. CyberSatoshi shared a technical breakdown claiming that the malicious contract involved was crafted to rapidly drain a heavily used exchange hot wallet.

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