A user on the BSC chain lost nearly $120,000 due to signing a malicious increaseAllowance transaction
According to Scam Sniffer monitoring, about 5 hours ago, a user on the BSC chain lost $118,785 worth of BUSD due to signing a malicious increaseAllowance transaction.
Analysts point out that while most users are cautious about permit signatures and approve calls, increaseAllowance also poses security risks, just with a less common name.
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