Revoke adds new feature after users complain of fake approvals scam
1 min read
Approval management platform Revoke has issued a fix aimed at mitigating a new crypto scam, which involves baiting crypto users into revoking “fake approvals” and then stinging them with excessively high transaction fees.
On July 9, Revoke.cash stated that it had received reports of people seeing unknown approval transactions in their transaction history.
Yesterday, we received reports of people seeing unknown approval transactions in their transaction history.
It turns out that this is a new scam where scammers use so-called gas tokens to steal money when victims revoke these “fake approvals”.
