Coinbase loses $300k to rogue MEV bots after token swap misconfiguration blunder

Coinbase, the largest US-based exchange, has reportedly lost $300,000 to MEV bots following a misconfiguration involving 0xProject’s token swap platform. On Aug. 13, pseudonymous security researcher Deebeez revealed that Coinbase mistakenly used the 0x swapper to approve tokens, a function it was never designed for. He noted: “0x has a swapper which is never meant […]