What is token authorization?
Authorization doesn’t move tokens immediately, but the authorized contract can later transfer tokens at any time, up to the approved limit.
Many token thefts don’t require your seed phrase. They only need to trick you into approving a transaction, and then they can transfer your tokens.
Current market: $ETH is trading at 2098.86, down 1.05% over 24h.
It’s safer to keep large assets somewhere you control, and only keep a small amount for everyday use.
#ETH
Authorization doesn’t move tokens immediately, but the authorized contract can later transfer tokens at any time, up to the approved limit.
Many token thefts don’t require your seed phrase. They only need to trick you into approving a transaction, and then they can transfer your tokens.
Current market: $ETH is trading at 2098.86, down 1.05% over 24h.
It’s safer to keep large assets somewhere you control, and only keep a small amount for everyday use.
#ETH
