A strange token suddenly appears in your wallet. Should you do anything? Don’t panic—your class study rep is here:
If you follow the hint in the token’s name to a website and connect your wallet, the authorization they ask you to sign often targets other assets in your wallet.
The estimated value in your wallet is usually calculated using quotes from on-chain liquidity pools. Quotes for junk tokens can easily be artificially inflated, so don’t take the numbers you see at face value.
You only learn to read the instructions first after paying too much tuition.
$ETH 2502.43(-1.12%)
#ETH
If you follow the hint in the token’s name to a website and connect your wallet, the authorization they ask you to sign often targets other assets in your wallet.
The estimated value in your wallet is usually calculated using quotes from on-chain liquidity pools. Quotes for junk tokens can easily be artificially inflated, so don’t take the numbers you see at face value.
You only learn to read the instructions first after paying too much tuition.
$ETH 2502.43(-1.12%)
#ETH