Trading Notes | Token Approvals
① If an approved contract has a vulnerability or is malicious, the corresponding tokens in your address could be stolen.
② Revoking an approval is an on-chain transaction and requires a small amount of Gas.
③ Before signing, check the token, amount, and contract you’re approving. If you don’t understand it, don’t sign.
$ETH 2069.91 (-2.38%)
Just sharing some thoughts—make your own decisions when buying or selling.
① If an approved contract has a vulnerability or is malicious, the corresponding tokens in your address could be stolen.
② Revoking an approval is an on-chain transaction and requires a small amount of Gas.
③ Before signing, check the token, amount, and contract you’re approving. If you don’t understand it, don’t sign.
$ETH 2069.91 (-2.38%)
Just sharing some thoughts—make your own decisions when buying or selling.