TechFlow reported on January 6 that, according to Scam Sniffer monitoring, a user lost EIGEN tokens worth $155,256 approximately eight hours ago after signing a "increaseAllowance" phishing transaction.
The "increaseAllowance" attack, also known as "signing a malicious transaction" or "signature phishing," involves attackers tricking users into signing what appears to be a harmless transaction—such as a call to the "increaseAllowance" function—to gain control over the user's tokens or other permissions.
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