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TRX Post claims EIP-7702 hot-wallet breach hit $6.4B, air-gapped PSBTs unaffected
A r/CryptoCurrency post claims hackers used EIP-7702 on October 29 to compromise a large exchange hot wallet and drain $6.4 billion without stealing private keys. The post asserts that air-gapped Bitcoin PSBT signing prevented the same attack from reaching cold storage.
Why “Rumor”
- Only community or trader posts: r/CryptoCurrency
0 independent source groups across 1 post · evidence score 9/100. How labels work
Market around the story
| Asset | Price at first report | 6h before | 1h before | 1h after | 6h after | 1h move vs normal | 24h volume vs median |
|---|---|---|---|---|---|---|---|
| BTC | $76,028 | +0.07% | +0.06% | +0.13% | −0.21% | 0.3σ | 0.8× |
Returns are measured from the moment the story first appeared. “vs normal” compares the move with the asset's typical hourly move over the previous 30 days.
What the sources claim
-
The post claims hackers weaponized EIP-7702 on October 29 to turn a large exchange hot wallet into a self-draining wallet.
“On October 29, hackers weaponized EIP-7702 to rewire a massive exchange hot wallet into a self-draining vacuum cleaner.”
r/CryptoCurrency -
The post claims $6.4 billion was stolen without any private key being leaked, by hacking the signing API instead.
“How do you steal $6.4 billion without leaking a single private key?”
r/CryptoCurrency -
The post claims Bitcoin cold storage was untouched because PSBT requires physical verification on an offline screen. BTC
“Bitcoin's PSBT architecture forces you to physically verify transactions on an offline screen.”
r/CryptoCurrency
Sources
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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-11-07 14:40 UTC. Labels are computed from the sources, not by the model.