Mathew Williams 🍖  pfp
Mathew Williams 🍖
@matrazy
So guys! ‼️ On the EIP-7702 new feature. This feature has its advantages, for account abstraction, for easy access to sponsoring gas transactions. But in all this advantages the disadvantage is that since transactions can be signed offline and broadcasted with another wallet. And then the ability to make a wallet act like a smart contract. This way they can delegate your address to a smart contract, making it in such a way that if any erc 20 token is dropped to the address it runs the smart contract that was delegated and drains your wallet. And this thing has been exploited, so in other words be careful what you sign because all they need is a signature to move your funds and set it to move recurrently. *#copied*
0 reply
0 recast
0 reaction