The current Web3 smart contract approval model is too dangerous for mainstream adoption

From the articleMagic Eden legacy approvals leave $5.7 million in NFTs exposed to exploit before rescueAlso in Old Magic Eden NFT approvals put users at risk after whitehat moves 3,832 NFTs, Magic Eden users can now reclaim NFTs rescued from Payment Processor exploit - Cryptopolitan, Magic Eden Warns Old Ethereum NFT Listings Are Exposed to Payment Processor Exploit - Decrypt