@byeguysithink.base.eth
Common Risks of Granting Permissions/Signing Contracts
1. Asset Theft:
Scammers can drain your wallet if you grant unlimited token approvals or sign malicious transactions.
2. Impersonation:
Fake contracts mimic legitimate projects (e.g., "Uniswap Support" scams).
3. Hidden Functions:
Malicious contracts may include backdoors to seize funds later.
4. Approval Exploits:
Permissions remain active until revoked, allowing attackers to strike months later.