A user on the BSC blockchain lost nearly $120,000 after signing a malicious "increaseAllowance" transaction.

This article is machine translated
Show original

According to TechFlow TechFlow, on February 10th, Scam Sniffer (@realScamSniffer) reported that approximately 5 hours prior, a user lost $118,785 worth of BUSD on the BSC chain due to signing a malicious "increaseAllowance" transaction. Analysts pointed out that while most users are wary of permit signatures and approve calls, increaseAllowance also poses a security risk, albeit with a less common name.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments