• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Ethereum’s EIP-7702 Upgrade Exploited by “CrimeEnjoyor” Wallet-Sweeping Scam

June 2, 2025
in Australian Crypto News
Reading Time: 3min read
0 0
A A
0
Ethereum’s EIP-7702 Upgrade Exploited by “CrimeEnjoyor” Wallet-Sweeping Scam
0
SHARES
0
VIEWS
ShareShareShareShareShare
  • Over 80% of Ethereum’s new EIP-7702 delegations are being hijacked by cloned “CrimeEnjoyor” contracts that sweep compromised wallets, according to an analysis by research firm Wintermute.
  • The feature, part of Ethereum’s Pectra upgrade, was meant to improve UX by letting wallets act like smart contracts, but is now widely abused by wallet-draining scripts.
  • Security firms like Scam Sniffer and SlowMist have warned users and wallet providers to implement immediate safeguards, after reports of users losing up to US$150,000 in a single attack.

Ethereum’s newest account abstraction feature is being weaponised at scale. According to a new analysis by crypto trading firm Wintermute, the vast majority of delegations under Ethereum’s freshly implemented EIP-7702 standard are being exploited by attackers using automated wallet-draining contracts.

The update, rolled out as part of the Pectra hard fork and proposed by Ethereum co-founder Vitalik Buterin, allows wallets to temporarily act like smart contracts, and therefore streamline user experience, mostly by enabling features like batched transactions, gas sponsorship, spending limits, and authentication methods, all within a single delegation. 

Related: Trump’s CFTC Nominee Unveils $3.4M in Crypto Assets and Industry Ties

But malicious actors have seized on the flexibility. According to Wintermute’s analysis, more than 80% of EIP-7702 delegations now point to duplicated contracts designed to sweep vulnerable wallets. The firm dubbed the dominant exploit pattern “CrimeEnjoyor”, a contract whose simplicity and efficiency have made it the go-to payload for attackers. 

The CrimeEnjoyor contract is short, simple, and widely reused. This one copy-pasted bytecode now accounts for the majority of all EIP-7702 delegations. It’s funny, bleak, and fascinating at the same time.

Wintermute.

Risk of Losing All Funds

Moreover, blockchain security firm Scam Sniffer flagged a wallet that lost nearly US$150K (AU$232K) in a malicious bundled transaction linked to Inferno Drainer, a persistent scam-as-a-service targeting EVM-compatible chains.

🚨 ALERT: An address upgraded to EIP-7702 lost $146,551 through malicious batched transactions in phishing attack. pic.twitter.com/7GbamqOZVI

— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) May 24, 2025

The firm recommends users double-check all signature requests and never rush into signing transactions.

Similarly, SlowMist urged wallet providers to integrate EIP-7702 safeguards immediately:

Wallet service providers should quickly support EIP-7702 transactions and, when users sign delegations, should prominently display the target contract to reduce the risk of phishing attacks.

SlowMist.

Related: Real-World Asset NFTs Could Rescue Collapsing NFT Lending, DappRadar Says


Credit: Source link

ShareTweetSendPinShare
Previous Post

Bitcoin Maxi Isn’t Buying Hype Around New Crypto Holding Firms

Next Post

TON Blockchain Briefly Halts Block Production in Swift 40-Minute Outage

Next Post
TON Blockchain Briefly Halts Block Production in Swift 40-Minute Outage

TON Blockchain Briefly Halts Block Production in Swift 40-Minute Outage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You might also like

XRP Multi-Timeframe Breakdown: Here’s What Comes Next

XRP Multi-Timeframe Breakdown: Here’s What Comes Next

May 31, 2025
Coinbase Faces Class Action Lawsuit Over COIN Stock Drop Linked to Data and Regulatory Breaches

Coinbase Faces Class Action Lawsuit Over COIN Stock Drop Linked to Data and Regulatory Breaches

May 27, 2025
Solana Bulls Watch The $190 Level – ATHs Back In Sight?

Solana Bulls Watch The $190 Level – ATHs Back In Sight?

May 26, 2025
Dogecoin Must Hold This Support Or Risk Crashing To $0.015

Dogecoin Chart Turns Ugly—This Price Could Trigger Panic

May 26, 2025
Bitcoin UTXO Signal Approaches 99% Level – Bullish Signal Or Profit-Taking Setup?

Bitcoin UTXO Signal Approaches 99% Level – Bullish Signal Or Profit-Taking Setup?

May 26, 2025
Solana Retest Key Support Level: Is $130 Or $200 Next?

Solana Retests Critical Support Amid Market Pullback – $200 Rally In Danger?

May 31, 2025
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Solana (SOL) Hints at Bearish Shift: Is Drop on The Horizon?

Solana (SOL) Continues to Fall — Is a Reversal in Sight?

June 2, 2025
XRP Price Gears Up—Can It Overcome Key Resistance Levels?

XRP Price at Risk of More Losses — Can Key Support Hold?

June 2, 2025

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Heart NumberHeart Number(HTN)$0.000000-30.47%
  • TadpoleTadpole(TAD)$0.000000-1.76%
  • SEENSEEN(SEEN)$0.000000-2.27%
  • EvedoEvedo(EVED)$0.000000-0.80%
  • MarginswapMarginswap(MFI)$0.000000-2.17%
  • SakeTokenSakeToken(SAKE)$0.0000004.37%
  • WTF TokenWTF Token(WTF)$0.0000000.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.000000-5.83%
  • RobotinaRobotina(ROX)$0.00000038.50%
  • CageCage(C4G3)$0.000000-3.67%