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So it's a lot more work than necessary and wasteful of bandwidth, storage etc
How the implementation should be:
We should check against the new-ish isSpam(address:chainId:) (I think that's what it's called) when fetching a token image and use a single copy of the icon file we will ship with the app and not involve the network at all. This might be a good place to start at and work upstream:
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