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Case Study
February 24, 2026
9 min read
SVGN Research Team

Case Study: 30-Day Wallet Allowance Cleanup

A practical month-long cleanup of stale token approvals across multiple chains, including risk scoring, revocation order, and measurable outcomes.

Last updated: February 24, 2026 · Reviewed by SVGN Security Contributors

Background

In early 2026, our operations wallet set included 12 active addresses across Ethereum, Base, Arbitrum, and BNB Chain. Over time, fast-moving DeFi usage left a large number of stale allowances.

We ran a 30-day allowance cleanup initiative with one simple objective: reduce approval blast radius without blocking normal product operations.

Baseline Snapshot

At day 0, we measured:

  • 187 total active approvals
  • 64 unlimited approvals
  • 41 approvals with no interaction in the last 60 days
  • 23 approvals tied to protocols no longer in active use
SVGN Revoke dashboard overview before cleanup

We grouped approvals into three risk tiers:

  1. High: Unlimited + high-value tokens + low-confidence spender history
  2. Medium: Unlimited but low-value or occasionally used
  3. Low: Exact-amount approvals for currently active workflows

Execution Plan

Week 1: Inventory and Tagging

  • Export all allowances by chain and wallet
  • Tag spender contracts by protocol and trust level
  • Mark business-critical flows that cannot be interrupted

Week 2: High-Risk Revocation

  • Revoke all high-risk unlimited approvals first
  • Prioritize assets with highest treasury exposure
  • Schedule revocations during low-traffic operational windows
Token approval table with high-risk labels and revoke actions

Week 3: Medium-Risk Cleanup

  • Replace unlimited approvals with exact-amount approvals where possible
  • Remove stale approvals older than 60 days
  • Confirm that core product workflows still pass acceptance checks

Week 4: Policy Hardening

  • Introduce weekly review cadence
  • Add pre-sign checklist before approving new spender contracts
  • Define emergency playbook for suspicious allowance spikes

Results After 30 Days

The cleanup reduced practical risk exposure materially:

MetricBeforeAfter
Total active approvals18791
Unlimited approvals6414
Stale approvals (>60 days)416
High-risk approvals273

Evidence Appendix

Screenshot Checklist

  • Dashboard snapshot before cleanup (wallet-level approval count)
  • Revocation execution view for high-risk spender contracts
  • Final 30-day summary panel with per-chain deltas

Sample Transaction Hashes (format)

0x7be4c7df6f5ec4e12b35c1790f1d7ce9c5594d0f44cb9e4ab5ea08a2fbb2a401
0x98c5f01f6afab7a7d266331f94014843458ae8dadf2e7db665b0d7dc9bb0b1f8
Live token approval review panel during revocation

Lessons Learned

1) Security debt compounds quietly

Allowances accumulate faster than teams expect, especially when multiple contributors test protocols in parallel.

2) Exact approvals are a realistic default

For recurring workflows, exact approvals add friction but dramatically reduce downside.

3) Governance matters

Technical controls are not enough. A simple operating policy made the largest long-term difference.

Replicable Checklist

  • Maintain chain-by-chain allowance inventory
  • Tag spender contracts with owner and business purpose
  • Revoke stale approvals every 7 days
  • Review unlimited approvals every 30 days
  • Keep an incident escalation route for suspicious signer prompts

Conclusion

The project proved that structured allowance cleanup is not just a compliance exercise. It directly lowers wallet compromise impact and improves response readiness.

Sources and References

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