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Does ledger help protect against funds being drained from bad actors on contracts with infinite token allowance?

I’m considering getting myself a ledger for my defi adventures. I have read a lot, and I think I have a rough understanding of how the ledger will protect me, since the seed phrase would never be online (unless I upload them myself).

I intend to use the ledger with MM, and with that said, each transaction would have to be confirmed physically on my ledger.

What I’m still stumped with however, is whether having a ledger, would protect against contracts with attack vectors relating to infinite token allowance; and hence draining funds from the wallet. Is this possible, even if a hardware wallet?

What do you think?

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2 Comments

  1. No, and this has nothing to do with the ledger, really!

    The only thing stored in the ledger is your seed (i.e. your private keys). That’s all. The ledger protects your private key, but it cannot protect you from bad contracts you are interacting with, using your key.

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