- EIP-7702 phishing attacks result in significant ether loss.
- Community warned about new threats.
- New attack method impacts Ethereum wallet security.
Phishing attacks targeting EIP-7702 upgrade addresses have surged, leading to reported losses, including a $66,000 incident. Scam Sniffer highlights malicious use of Uniswap’s Universal Router to disguise batch transfer scams exploiting EIP-7702 functionalities.
Scam Sniffer has issued a warning about phishing attacks exploiting EIP-7702 upgrades, resulting in a $66,000 loss for a single address. The attacks, reported on August 5, 2025, were disguised as Uniswap swaps.
Users face increased risk from EIP-7702-related attacks, affecting Ethereum transactions. The attacks underscore that new functionalities introduced by EIP-7702 have security implications.
Scam Sniffer has identified bulk transfer phishing attacks targeting EIP-7702 upgraded addresses. These scams used the Uniswap Universal Router to disguise malicious batch transfers. Thousands of addresses could be at risk due to EIP-7702 functionality.
The attacks primarily involve transaction routing to attacker-controlled addresses, often cloaked as legitimate operations on decentralized exchanges. Ethereum-based tokens are vulnerable, especially those in wallets using EIP-7702.
The immediate effects of these attacks include the loss of significant assets and heightened security concerns in the cryptocurrency community. Phishing scams of this nature are compelling wallet and DEX providers to reassess security protocols.
Scam Sniffer has issued a warning about a phishing attack that resulted in a loss of $66,000. The attack targeted an address upgraded via EIP-7702, using a method disguised as a Uniswap Swap transaction. Several similar cases have been reported involving addresses upgraded with EIP-7702. The attackers employed batch transfers, rather than the previously used batch authorization, and utilized the Uniswap Universal Router to make the transactions appear legitimate. Users are advised to remain vigilant against such threats. — Scam Sniffer Official
The implications are far-reaching, impacting both financial stability and technological trust within the Ethereum ecosystem. Uniswap routes and EIP-7702-enabled smart accounts are particularly susceptible.
Future outcomes may hinge on regulatory responses and enhanced security measures by community leaders. Historical trends in phishing scams suggest an increase in similar attempts. Technological advancements in defenses remain crucial for user protection.
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