Everyone, this is a really important concept to understand: token approvals!
An approval doesn't move your tokens right away, but the approved contract can transfer them at any time later, up to the approved amount.
Many phishing scams don't even need your recovery phrase. They just trick you into granting an approval, then transfer your assets.
Here's a real-time reference: $ETH is at 2424.56 (24h +4.24%).
Save this and take your time reading 👇
An approval doesn't move your tokens right away, but the approved contract can transfer them at any time later, up to the approved amount.
Many phishing scams don't even need your recovery phrase. They just trick you into granting an approval, then transfer your assets.
Here's a real-time reference: $ETH is at 2424.56 (24h +4.24%).
Save this and take your time reading 👇
