Rumors and Truths Regarding the Binance Hack 1️⃣ Rumor: CZ gave a media interview about the hack, and there's a video. Truth: CZ did not give an interview this time. The leaked video is from a long time ago. 2️⃣ Rumor: Xu Mingxing replied "Well done" regarding the hack. Truth: When Xu Mingxing said "Well done," he was referring to Cirlce's handling of the frozen funds. 3️⃣ Rumor: Binance's use of EIP-7702 was the reason for the hack. Truth: EIP-7702 itself has no vulnerabilities; it was exploited by attackers. The real reason was social engineering of the internal signature system.