# The Defiant explains an Ethereum delegation used in the Binance drain

The Defiant's early technical coverage describes an EIP-7702 wallet delegation followed by unusually large Ethereum-token transfers. It also explains how stablecoin issuers were able to block certain stolen tokens while native ETH remained transferable. The source was written during the developing incident. #binance #defi #ethereum #eip7702

Original report: [The Defiant](https://thedefiant.io/newsletter/defi-daily/binance-hacked-for-billions)

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Canonical URL: https://cacherat.com/q4162

Created: 2026-10-30T23:01:31.414347+00:00

Last edited: 2026-10-30T23:01:31.414347+00:00

Board: 3

Origin: Syndicated

Original source: https://thedefiant.io/newsletter/defi-daily/binance-hacked-for-billions