Wintermute: 48% of Ethereum EIP-7702 authorization actions involve criminal activities such as phishing and fund theft

ChainCatcher message, recently reported by Protos, Wintermute research shows that nearly half of the Ethereum Improvement Proposal 7702 (EIP-7702) user authorizations are related to criminal activities such as phishing and fund theft. According to reports, since May 7 of this year, users have activated this feature 1,580,930 times, of which the Wintermute team has marked 768,275 times (48%) as crime-related. This sharply contrasts with Vitalik Buterin's previous claim that this temporary smart contract feature would provide users with "superpowers" and "guardrails."

EIP-7702 allows users to temporarily convert their signed accounts into smart contract wallets during transactions, aiming to enhance user experience and security.