{"id":81497,"date":"2023-07-10T11:39:31","date_gmt":"2023-07-10T08:39:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81497"},"modified":"2025-09-11T23:15:23","modified_gmt":"2025-09-11T20:15:23","slug":"revoke-team-warns-of-a-new-form-of-scam","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/revoke-team-warns-of-a-new-form-of-scam\/","title":{"rendered":"Revoke team warns of a new form of scam"},"content":{"rendered":"

The developers of the transaction-management app Revoke have reported a new form of fraud involving ‘fake approvals’.\u00a0<\/p>\n

\"Snimok-ekrana-2023-07-10-v-10.53.38\"
Data: Twitter<\/a>.<\/figcaption><\/figure>\n

Representatives of the project explained that attackers began sending users fake tokens that, in the Revoke interface, required additional confirmation. The token’s smart contract was designed so that cancelling a transaction would require a huge fee.<\/p>\n

To implement the scheme, the attackers used the so-called ‘gas tokens’. This type of EVM-based asset appeared several years ago when Ethereum gas fees began to rise. The initiative was implemented under EIP-3529<\/a>.<\/p>\n

This enabled users to create tokens when gas fees were low and burn them when they rose. Thus fees remained low, saving network participants money.<\/p>\n

In Ethereum itself, this cost-cutting method has fallen out of use, but in other EVM networks, including BNB Chain, it remains widespread, which attackers exploit.<\/p>\n

To counter this form of scam, the Revoke team has introduced an additional feature that checks fee totals and alerts users when they rise too high.<\/p>\n

Earlier, in Meta’s new microblogging service Threads, fake accounts<\/a> of cryptocurrency-related projects appeared. DeFi platform Wombex Finance and Taiwanese entrepreneur Jeffrey Huang warned about such fake accounts.<\/p>\n

Beosin experts reported that in the first half of 2023 the digital assets sector lost about $655.6 million<\/a> due to hacks, fraud, and rug pull<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The developers of the transaction-management app Revoke have reported a new form of fraud involving ‘fake approvals’.<\/p>\n","protected":false},"author":1,"featured_media":81498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,1246],"class_list":["post-81497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=81497"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81497\/revisions"}],"predecessor-version":[{"id":81499,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81497\/revisions\/81499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81498"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}