Critical Security Flaw in Ethereum’s EIP-7702 Leads to Major WLFI Token Thefts from Donald Trump’s Crypto Venture

A significant vulnerability in Ethereum’s EIP-7702 upgrade is being exploited by hackers to steal World Liberty Financial (WLFI) tokens tied to Donald Trump’s crypto project. The flaw allows attackers to deploy malicious delegate contracts that siphon off ETH and tokens from compromised wallets. Since the upgrade launched, over 97% of delegations have involved harmful contracts designed to drain funds instantly. This security risk arises from EIP-7702’s delegation design that lets externally owned accounts use smart contracts, which attackers abuse after private key breaches. Multiple high-profile thefts totaling millions of dollars have been reported, highlighting the urgent need for users to carefully manage delegations and permissions. Continue to read Critical Security Flaw in Ethereum’s EIP-7702 Leads to Major WLFI Token Thefts from Donald Trump’s Crypto Venture