Coinbase $300k MEV Loss via 0x Swapper — Isolated but Signals Integration Risk
I note that Coinbase lost about $300,000 in token transaction fees to MEV bots after an incorrect interaction with a 0x “swapper” contract caused by a DEX wallet configuration change.
I view this as an isolated operational issue: Coinbase’s CSO confirmed the token approval was revoked, funds moved to a new wallet, and user funds were not affected.
Though the immediate impact appears contained, the incident highlights integration and configuration risks for exchanges and protocols interacting with DEX infrastructure — it’s worth monitoring 0x and Coinbase for follow-up fixes and any similar occurrences.
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Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.