How to Revoke Token Approvals Related to Multichain Bridge Hack to Protect Funds via Krystall App
Автор: SoundCrypto
Загружено: 2023-07-07
Просмотров: 567
Описание:
Multichain bridge got hacked and lost $125 Million dollars. I will show you how to look up token approval for your wallet address. For this I am going to use Krystal.app Token Approval feature makes this process seamless and hassle-free:
https://defi.krystal.app/token-approv...
Go to the above link. Connect your Metamask wallet.
1 Search Multichain on the search tab
2 Revoke all Multichain-related contract
I connected my metamask wallet. I search for all tokens with unlimited spending. It shows all approved tokens from many chains. In this example, I am going to revoke MIM tokens minted. Alway revoke tokens spending approval from unknown providers. I do not remember who approved MIM tokens. I do not recognize it as a known protocol so I am going to revoke it. I revoke all tokens with unlimited spending or very last spending limits. I just wanted to be safe and vigilant in lieu of Multichain bridge hack. It is generally good idea to revoke all unlimited spending from any Protocol. Event if you store your tokens in Hardware wallet still funds can be stolen by Smart Contract Exploit with Protol Bridge exploit.
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Relevant hashtags:
#cryptocurrency #blockchain #crytotrading #Bitcoin #defi #NFT #cryptowallet
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