Crypto: Ethereum’s Pectra Update Could Be Exploited By Hackers

Conceived as a decisive step towards account abstraction, the Pectra update is already disrupting the security balances on Ethereum. Introducing the EIP-7702 standard, supported by Vitalik Buterin, it allows wallets to temporarily behave like smart contracts. However, scarcely deployed, this innovation is being hijacked on a large scale to automate attacks. Far from eliminating risks, the evolution of the protocol creates new, more subtle ones that hackers are already rushing to exploit.

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