Pennysia Users Urged to Revoke Token Approvals Following Exploit
(19 hours ago) · 1 source · Summarized by CryptoBipto
Pennysia users have been warned to revoke their token approvals after the platform suffered an exploit. Details about the scale of the exploit and the amount of funds affected remain limited based on available information. Users who previously interacted with the protocol are being advised to take immediate steps to protect their assets.
WHY IT MATTERS
When you use a decentralized finance app, you often give it permission to move your tokens, similar to giving a store your credit card number for recurring charges.
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SOURCES
- thedefiant.io
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