I am currently testing to see if this is an issue. Here's a little more information:
MacBook Pro (15-inch, 2017)
2.9 GHz Quad-Core Intel Core i7
16 GB 2133 MHz LPDDR3
macOS Monterey12.1 (21C52)
LastPass 4.86.0 (1218)
Apple Watch (1st Generation) A1554
WatchOS 4.3.2 (15U70)
iPhone 13 Pro Pro Max MLL63X/A
iOS 15.2
LastPass App 5.5.2 Built 20/12/2021, 18:25
LastPass Authenticator App LastPassMFA 2.2.2.905
Behaviour:
When signing on to the LastPass for macOS desktop App, using only the iOS App and Authenticator, everything seems to work as it should. However...
When signing in to the LastPass macOS desktop App, using my Apple Watch to authorise the login, I enter my master password and am presented with the MULTIFACTOR AUTHENTICATION window.
The app on my watch pops up and I am presented with the option to "Accept".
On pressing "Accept" I am occasionally allowed into the desktop app on my Macbook. However, almost invariably, it doesn't let me in.
So, I go to my iPhone and open the LastPass Authenticator App and I cannot see any of the 15+ MFA accounts I am normally able to see.
All I see is the "To get started, add your first account by scanning a QR code", with options to "ADD ACCOUNT" or "RESTORE FROM BACKUP".
When this happens, I have to log out of LastPass on the iPhone then go to the Authenticator App and tell it to restore from backup. This directs me to LastPass app, where I have to log in again but using SMS to avoid the fact that the Authenticator App is being stupid!
Additional troubleshooting steps:
1. Turned it off and on again, lot of times!
2. Deleted and reinstalled the iOS apps.
3. Ensured all applications and OSes are running latest versions.