Scam drainer at 0x60CE723c20b6b7fa17F3C71D01ae8bD11D9aB8f4 holds unlimited DAI approvals from 'ETH-BASE' fake liquidity-mining victims; revoke immediately.
Security & Exploits ·
Victims of the "ETH-BASE" fake liquidity-mining scheme hold unlimited DAI approvals granted to address 0x60CE723c20b6b7fa17F3C71D01ae8bD11D9aB8f4, a known scam drainer capable of withdrawing funds without further authorization. A security investigation documented the scheme, and the case has been reported to the FBI's Internet Crime Complaint Center under submission c79e286b539a40459f735ee5174eb5c7. Affected users remain at immediate risk of token theft through these standing approvals.
The unlimited approval mechanism, a standard feature of token contracts, allows the drainer address to transfer any amount of DAI from victim wallets at will. Unlike time-limited or amount-capped approvals, unlimited grants provide no built-in constraint on extraction. The scam operated by luring participants with promises of liquidity-mining rewards, a common social-engineering vector in decentralized finance.
Users identified as victims can revoke these approvals through public revocation tools, though the effectiveness of revocation depends on timely action before funds are moved. The investigation remains ongoing; whether additional victims or related scam infrastructure exist has not been disclosed.