Wallets, Security & Custody

What is an approval phishing scam?

An approval phishing scam tricks you into signing a token approval that hands an attacker permission to spend assets from your wallet. Instead of stealing your password or seed phrase, it abuses the normal approval mechanism: a deceptive site or message asks you to confirm a transaction that looks routine but actually grants spending access. For example, a fake minting page may request an approval that lets the attacker withdraw a token whenever they choose. Because you authorized it, the transfer appears valid. Checking exactly what a transaction approves before signing is the core protection.

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