Coinbase suffers $300K loss in MEV bot attack tied to 0xProject swapper oversight

Coinbase has lost $300,000 in accumulated fees to an MEV bot after interacting with the 0xProject swapper smart contract. Pseudonymous security researcher deebeez disclosed this on X, noting that the exchange used the swapper incorrectly. According to Deebeez, the 0xProject contract, which can be used for executing swaps, is permissionless. This means anyone can use […] source: https://www.cryptopolitan.com/coinbase-suffers-300k-loss-mev-bot-attack/