Coinbase Bleeds $300K in MEV Exploit—0x Swapper Contract Glitch Turns Costly

Another day, another crypto heist—only this time, it’s the exchange itself holding the bag. Coinbase just got schooled in the dark arts of MEV (Maximal Extractable Value) exploitation, thanks to a misconfigured 0x swapper contract. The damage? A cool $300K vanished faster than a Bitcoin maximalist’s patience during a bear market.

How It Went Down

MEV bots—those digital pickpockets of DeFi—spotted a vulnerability in Coinbase’s 0x-based swap system. The result? Front-run, sandwich, and drain. Rinse and repeat until the well runs dry. The kicker? This wasn’t some shadowy protocol; it was a Fortune 500 crypto darling slipping on a banana peel.

Finance Jab of the Day

Wall Street spends millions on ‘cybersecurity’—meanwhile, crypto’s alpha hackers are turning smart contract quirks into a personal ATM. Maybe banks should start hiring from Ethereum’s dark forests instead of Harvard.