A common method that scammers use on phishing websites is tricking you into signing gasless signatures. These gasless signatures can be used to list assets for sale, approve allowances, or otherwise authorise asset transfers.
Because these signatures are not stored on the blockchain, it is impossible to determine whether you signed one of them. And once they are activated on-chain, the scam also gets activated, and by that point it is too late.
To help with this, we're launching the Signatures Dashboard on Revoke.cash. This gives you an overview of *potential* signatures.
If you know that you interacted with a phishing website, but no funds were stolen (yet), you can pre-emptively "cancel" these signatures.
If you know that you interacted with a phishing website, but no funds were stolen (yet), you can pre-emptively "cancel" these signatures.
By cancelling these signatures before the scammer "activates" them on-chain, you prevent them from ever being able to activate it, which can help prevent loss of funds.
Keep in mind that there is no reason to use this functionality if you don't have a very strong indication that you signed one of these signatures on a phishing website. Every time you cancel these potential signatures, you have to pay gas, so it is a waste to do it needlessly.
We also have to be realistic: it is very unlikely that you are fast enough to cancel these signatures before the scammer is able to activate them on-chain.
Once your funds are stolen it is already too late, and in that case cancelling signatures will not help.
Once your funds are stolen it is already too late, and in that case cancelling signatures will not help.
But even if this new feature is able to prevent 1 out of 100 scams, it is worth it.
Check out the new functionality on Revoke.cash, and let's hope that you will never need to use it!
Check out the new functionality on Revoke.cash, and let's hope that you will never need to use it!
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