Users advised to only authorize EIP-7702 through official wallet apps and plugins to prevent theft of ETH coins.
GoPlus Security warns users about the scammer exploiting trust in the Pectra upgrade, redirecting ETH to a fraudulent wallet upon authorization.
Despite security concerns, Ethereum's price remains bullish at $2,485, with a 3.94% increase in the last 24 hours, alongside proposed network improvements by Vitalik Buterin.