Shenyu: Binance 14 hot wallet has not revoked 7702 orders, 2961 ETH are at risk of being stolen.

A whale holding 93,184 ETH ($214 million) sold 36,517 ETH ($80.56 million) to avoid liquidation, and currently holds 56,667 ETH ($125 million). The new liquidation prices are $2,122.44 and $2,129.72. This whale has accumulated losses exceeding $38 million. (Lookonchain)

Binance Hacker 12 addresses exchanged 7.7 trillion PEPE for 14,049.9 ETH, and Binance Hacker 2 related addresses exchanged 167.14 WBTC for 5,700 ETH. The ETH has been deposited into a new address: 0x79e7…544A. (PeckShieldAlert)

Coinbase CEO Brian Armstrong stated that the team is working diligently to assist Binance in dealing with the hack, and added that the crypto industry will emerge stronger from this difficult experience. (Watcher.Guru)

Binance co-founder He Yi thanked the community for its support and stated that Binance is conducting security scans to ensure the safety of user funds on the platform, while emphasizing User Fund Security (SAFU).

On October 30th, ZeroDev founder Derek Chiang stated that the Binance hot wallet attack was unrelated to the security of the EIP-7702 protocol. EIP-7702 allows external accounts to gain access to smart contract functionality through authorization; attackers need to possess the private key or trick Binance into signing an authorization to exploit this mechanism. Derek Chiang cautioned that wallet and exchange developers should not expose EIP-7702 authorization signing or arbitrary message signing interfaces to third parties.