SlowMist Co-founder: Investors Advised to Mass Revoke Potentially Risky Token Approvals Amid Ultra-Low Ethereum Gas Fees
SlowMist founder Yu Jian has stated on social media that with Ethereum gas fees being so low (0.347 Gwei), investors are advised to revoke all ambiguous/unclear/self-assumed safe token approvals. The gas cost to revoke a single approval is less than $0.1. Even if there are 100 abnormal approvals to be revoked, it only costs a few dollars, but it blocks potentially huge risk exposures.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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