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SlowMist Team: EIP-7702 New Mechanism Exploited by Major Theft Group

BlockBeats News, May 31, SlowMist founder Cosmos Yu stated that the largest user of the Ethereum new mechanism EIP-7702 is a theft group (rather than a phishing organization). EIP-7702 allows funds to be transferred automatically through authorization from wallets where the private key or mnemonic phrase has been leaked. Over 97% of EIP-7702 delegations are directed to a theft contract.

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EIP-7702 is not the main cause of Binance's $6.3 billion theft; how the signature was obtained is.

EIP-7702's role in this attack was to make the attack faster.

Interpreting Vitalik’s latest proposal EIP-7702: The ultimate prescription for account abstraction?

Being an expert in both finance and blockchain, you are familiar with the slang and terminology of the field. Could you please translate the following content into English while preserving the HTML tags and structure?

Safeguarding Ethereum EIP-7702 Upgrade: A Secure Proxy Model for Transitioning from EOA to Smart Wallet

OKX Research: Account Abstraction - A 10-year Evolution and the Final Showdown. Exploring the Past and Future with EIP-7702

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