Hackers Paid $15 to Drain $2.5 Billion From Binance in One Hit

Hackers Paid $15 to Drain $2.5 Billion From Binance in One Hit — Live Feedhttps://www.live-feeds.com/feed/hackers-paid-15-to-drain-2-5-billion-from-binance-in-one-hitContinuously updated, source-cited coverage. Hackers Paid $15 to Drain $2.5 Billion From Binance in One Hithttps://www.live-feeds.com/feed/hackers-paid-15-to-drain-2-5-billion-from-binance-in-one-hithttps://www.live-feeds.com/feed/hackers-paid-15-to-drain-2-5-billion-from-binance-in-one-hit#u189956Tue, 10 Nov 2026 04:41:50 +0000Hackers extracted $2.5 billion from Binance hot wallets after paying roughly $15 in Ethereum network fees, using EIP-7702 to set authorization for a single transaction on October 29, 2026. The attack exploited a known vulnerability in Ethereum's account abstraction feature, allowing rapid access to funds. Multiple outlets including Bloomberg, The Straits Times, and security firm Blockaid confirm the fee amount and transaction mechanism.Why it mattersThe breach highlights risks in Ethereum's newer account abstraction features, particularly EIP-7702, which enables smart contract functi