In a recent incident, a wallet lost its entire portfolio worth $1.3 million after falling victim to a phishing scam.

The owner of the wallet unknowingly signed a “Permit2” signature. After signing, the hacker emptied the wallet…

What is Permit2?

Permit2 is an authorization standard released by Uniswap last year. It aims to improve the traditional ERC20 token authorization experience by offering reduced gas fees, improved security, and easier management.