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.