A user on the BSC blockchain lost nearly $120,000 after signing a malicious increaseAllowance transaction.
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According to ME News, on February 10th (UTC+8), Scam Sniffer monitored that approximately 5 hours ago, a user lost $118,785 worth of BUSD on the BSC chain due to signing a malicious increaseAllowance transaction. Analysts point 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: ME)
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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.
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