User Lost 130000 by Giving Permission to a Smart Contract

User Lost 130000 by Giving Permission to a Smart Contract

A Reddit user claims to have lost 130000 by giving permission to a smart contract. The user says that they were trying to connect to a decentralized exchange (DEX), but they accidentally connected to a fake DEX. The user then gave permission to the fake DEX to spend their funds, and the DEX immediately stole all of their coins.

This is a reminder to be very careful when giving permissions to smart contracts. Only give permissions to smart contracts that you trust, and always double-check the contract address before you give permission.

Here are some tips for avoiding scams like this:

  • Only give permissions to smart contracts that you trust. Do your research to make sure that the smart contract is legitimate.
  • Always double-check the contract address before you give permission. Make sure that the contract address is the same as the address listed on the official website of the project.
  • Be careful when clicking on links in emails or messages. Scammers often send emails and messages with links to fake websites or phishing sites.
  • Never share your private keys with anyone.

If you think that you may have been scammed, please report it to the authorities and to the project team of the smart contract that you gave permission to.