[Crypto Class 4] This Signature: Is It Safe?

[Crypto Class 4] This Signature: Is It Safe?

Authors

DCENT Wallet Team

Hardware wallet security experts. Building safe crypto storage since 2018.

DCENT Wallet Team

* AI-generated images may be included to help illustrate the content.

Last time we talked about accidents caused by "your own mistakes." Today it's the opposite: "traps others set." The problem is that these traps have grown so sophisticated that being careful alone isn't enough to avoid them.


One Ordinary-Looking Signature, and $1.76 Million Vanished

In March 2026, one user signed an ordinary-looking message. It looked like a common "permit" (approval) request. But that signature was actually permission that said "you may take my tokens." Soon after, about $1.76 million in USDC quietly drained out.

They weren't hacked. They never handed over a password or a seed. They just signed one ordinary-looking message.

They handed over no password and no seed. They just signed one "ordinary-looking" signature.
Assets drained from one ordinary-looking signature

A Signature Is Permission

We usually think "signing = sending money." But in crypto, a signature is broader than that. Even without sending assets yourself, there are signatures that grant "someone else may move my assets." These are called approvals (permits).

Used normally, it's a convenient feature — it saves you from confirming every single time you use a dApp. The problem is that attackers target exactly this approval. Once they secure an "unlimited approval," they can empty your wallet whenever they like. In fact, the average time from approval to funds leaving is under 32 seconds.

Malicious Signatures Are Indistinguishable by Eye

Here's the scariest part. A malicious signature looks identical to a normal one. No matter how carefully you read what's on screen, it's hard to tell whether it's a safe approval or one that empties your wallet. It's just a string of cryptic data.

That's why "just be careful" doesn't really work here. Even if you want to be careful, there's no visible information to tell them apart.

What You Need Is a "Pre-Signature Simulation"

There's really only one answer: before you sign, run a preview of what that signature actually does.

Preview what a signature actually does before signing

DCENT S uses Blockaid for this. Before you sign, it simulates the transaction, and if the outcome looks dangerous, it warns you ahead of time. It reads what a person can't, on your behalf.

What Blockaid catches

It simulates and warns you, before you sign, about risks like phishing addresses, malicious contracts, wallet-emptying drainers, and honeypots.

Want to see how it works?

→ Meet DCENT S

This Blockaid protection works mainly across EVM networks like Ethereum, BNB, and Polygon. On other networks such as XRP and Stellar, the Vaulty and Clear Review from last lesson watch over mistakes and risks together. And a hardware wallet and these features only greatly reduce risk — the final signature is still yours. When a warning appears, never ignore it: pause and check again.

🌱 Today's Practice — 3 Habits

1

Be wary of "unlimited approvals." Even if a dApp asks for one, it's safer to approve only as much as you actually need.

2

Revoke approvals you no longer use. Periodically cleaning up approvals from dApps you connected before reduces your risk.

3

Don't sign what unknown airdrops or links ask for. The more something offers for "free," the more it's worth a second, doubtful look.

❓ Quick Quiz

Why can a "signature" be dangerous in crypto?
① Signing doubles the fee   ② Even without sending assets, there are signatures that "grant" someone else the right to take your assets   ③ A signature can always be reversed

Show answer

② Even without sending assets, there are signatures that "grant" someone the right to take your assets. Approval (permit) signatures are like this. Since malicious signatures can't be told apart by eye, it's important to filter them out with a pre-signature simulation.

NEXT · LESSON 5

Now, Truly Own Your Crypto

Once you've learned how to store it safely, next comes "using" it. We'll cover how to enjoy 100+ networks and ecosystems from a single card.

DCENT S · Card-type cold wallet

Carry it daily, Recover it always

Seedless setup · R3covery backup card included · 100+ networks · 4,900+ assets

Meet DCENT S →

Keep it safe. Use it freely.

Did you find this article helpful?

If it clarified even one security risk for you, consider sharing it with others who may benefit 😎

⬇️⬇️⬇️⬇️⬇️

[D’CENT Wallet]
D’CENT Wallet is created by IoTrust, a company founded by security experts with over two decades of security know-how and engineering experience in developing deeply embedded security solutions based on secure-chip technology (SE and TEE). 

D’CENT Wallet caters to the diverse needs of cryptocurrency users, prioritizing security and user experience. Users can choose the Biometric Wallet, Card type Wallet, or the free-to-use Software Wallet.
Disclaimer:
This blog is for educational purposes only. Information presented here, including projects or brands mentioned, is informative and not financial, legal, or tax advice. While we strive for accuracy, we cannot be held liable for any inaccuracies. Cryptocurrencies are inherently risky. Do your own thorough research and consider consulting a financial advisor for investment decisions aligned with your goals and risk tolerance. External links may be present and we are not responsible for their content or practices. Review their terms of service and privacy policies.

Biometric Wallet

$109.00
$159.00