According to GoPlus Security, the Pectra upgrade is facing a concerning security risk.
Users are advised to authorize EIP-7702 only through official wallet apps and plugins.
As revealed by GoPlus Security, the recently launched Ethereum Pectra upgrade is facing security challenges. Dangerous vulnerabilities have emerged as users attempt to enable EIP-7702 smart accounts after the Pectra upgrade.
Scammer Exploiting Users’ Trust in Pectra
According to GoPlus Security, on-chain data from bundlebear.com showed over 10,000 addresses using smart accounts, unaware of the risks attached. As reviewed in our recent publication, the Ethereum Pectra upgrade enables Externally Owned Accounts (EOAs). These accounts briefly act as smart contract wallets by delegating control via a signed message.
Although the EIP-7702 feature enhances user experience, it also exposes users to new security risks that require urgent attention. Through contract code decompilation, GoPlus found that users lose thei
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