Wintermute's research revealed that nearly half of Ethereum Improvement Proposal 7702 (EIP-7702) user authorizations involve criminal activities such as phishing and fund theft.
According to reports, users have activated the feature 1,580,930 times since May 7 this year, of which the Wintermute team flagged 768,275 times (48%) as criminal-related. This contrasts with Vitalik Buterin's previous claims that the temporary smart contract feature will provide users with "superpowers" and "guardrails".
EIP-7702 temporarily converts user signed accounts into smart contract wallets during transactions, designed to enhance user experience and security. (protos.com)
Wintermute: Nearly half of Ethereum EIP-7702 authorizations involve criminal activities such as phishing
2025-09-22 13:57:42
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