A user on the BSC chain lost nearly $120,000 due to signing a malicious IncreaseAllowance transaction

2026-02-10 09:34:24

Mars Finance reports that, according to Scam Sniffer monitoring, approximately 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 although most users are cautious about permit signatures and approve calls, increaseAllowance also poses security risks, it’s just a less common name.

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