According to reports from BlockBeats, the Ethereum protocol EIP-7702 has become the new target for cybercriminals, resulting in losses exceeding $5.3 million. An analysis conducted by the Gate Security Research Institute reveals that attackers employed techniques such as signature spoofing, malicious updates, and permission abuse to carry out the theft.

Gate, one of the first platforms to address security threats related to this protocol, has received numerous assistance requests from affected users and has conducted extensive security research. In order to protect Web3 user funds, Gate announced that its transaction simulation API is now fully compatible with EIP-7702 security detection, effectively intercepting various malicious transactions based on this protocol. Additionally, a security browser extension with related protection features will be launched soon.

Gate advises users to stay informed about security updates, enhance their security awareness, and utilize Gate's security tools to prevent potential losses.