Crypto Founder Loses $1M, Investors Flock Turn This Secure No-KYC 100X Token
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The cryptocurrency world was recently shaken when a phishing attack drained $1 million from Alex Choi, the founder of Fortune Collective, by exploiting the new EIP-7702 feature on the Ethereum blockchain, which is designed to streamline transactions.
The incident involved a malicious contract that siphoned five tokens in a maliciously signed batch. Cryptocurrency security experts, such as Wintermute, now warn that over 90% of EIP-7702 delegations are linked to malicious contracts, raising investor anxiety.
A growing number of investors are now…
