News Explorer — Coinbase Loses $300K to MEV Exploit

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Aug 14, 5:34 am

Coindesk

Coinbase Loses $300K to MEV Exploit

Crypto exchange Coinbase lost approximately $300,000 in token fees due to a misconfigured interaction with 0x's "swapper" contract, allowing MEV bots to drain funds from its corporate wallet. The security breach, flagged by a researcher, highlights vulnerabilities in leading exchanges to automated trading exploitation.

Crypto exchange Coinbase lost approximately $300,000 in token fees due to a misconfigured interaction with 0x's "swapper" contract, allowing MEV bots to drain funds from its corporate wallet. The security breach, flagged by a researcher, highlights vulnerabilities in leading exchanges to automated trading exploitation.

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