Recently Etreum Blockchain has an important upgrade Ethereum Pectra Improve has appliedThe name of this upgrade is ‘Pectra Fork’, which aims to provide new features and tools for developers and users. However, within a few hours of this update, the Ethereum Population has triggered warnings about possible security risks.
Ethereum applied an important upgrade called ‘Pectra’ on its network on 7 May 2025, including new features such as EIP-3074 and EIP-7702. However, immediately after this update, concerns about wallet security between users and developers have increased.
EIP-3074: Security concerns related to Author and Authorl
Under the EIP-3074, two new opties, Author and Authcall are introduced, which allow users to give their wallet permission to smart contracts. However, if any evil sly pledge misuses these permission, he can steal all funds from users’ wallets.
According to a report by Protos, “Caller ‘field is very important in the Signature of EIP-3074. If this field is set incorrectly, users’ funds can be stolen.”
EIP-7702: A step towards smart accounts
EIP-7702 is an important step towards the account abstraction of Ethereum. This feature gives users permission to behave their wallets temporarily like smart contracts, allowing them to avail more advanced features. However, this feature also comes with safety risks, as a single signature can achieve access to all funds of users.
Reaction of developers
The authors of the EIP-3074 wrote in a post on the binance, “The caller field in the EIP-3074 Signature is very important. A bad collar can steal your funds.” He also mentioned that he is unaware of a wallet that gives permission without any warning of such risky signing.
Potential security risk
According to a report by Protos, the implementation of the EIP-3074 and EIP-7702 has led to a new risk, in which scammers can empty their wallet by making a simple message from users to a simple message. The reason for this is that through these EIPs, users can inadvertently give full access to their wallet to an Evil sly pledge.
A user warned on Telegram, “Whatever you sign, be careful … it’s enough to empty all your tokens.”
Suggestions for users
Many members of Ethereum Population have warned on social media platforms that users should be careful before clicking on any signature. Although no real theft has been reported yet, users are being advised to be vigilant.
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Sign carefully: Check its authenticity before signature on messages or transactions received from any unknown source.
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Update wallet: Keep your wallet software updated in the new version, so that new safety features and warnings remain active.
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Review smart contracts: Before giving permission to any smart contract, check its coding and reliability.
Current status of ethereum
Till the time the news is written Ethereum Worth The $ 1,899.82, which indicates an increase of 0.03345% from the previous bandh. However, the market is seeing instability due to safety concerns after Pectra upgrade.
Conclusion
Ethereum’s Pectra upgrade is an important step from technical approach, designed to improve user experience. However, the possible security risks associated with it cannot be ignored. Users should be cautious and get complete information before any transaction or signature. The Ethereum community will have to be aware of the risks arising with these new features and adopt the necessary safety measures to ensure safe and effective use of blockchain technology.
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