Coinbase Bleeds $300K in MEV Exploit—0x Swapper Contract Blunder Sparks Chaos

Another day, another crypto heist—only this time, the victim’s a giant. Coinbase just got schooled in the dark arts of MEV (Maximal Extractable Value) exploits, losing a cool $300K thanks to a misconfigured 0x swapper contract. Whoops.

How It Went Down

Sloppy code meets opportunistic bots. The 0x contract, designed to streamline swaps, became a backdoor for MEV hunters. They pounced, draining funds faster than a degenerate trader chasing a leverage pump.

Why It Hurts

Coinbase isn’t some DeFi rando—it’s the poster child for ‘compliant’ crypto. Yet here we are, watching a CEX get rekt by the very on-chain chaos it claims to tame. Irony’s a bitch.

The Aftermath

Expect PR spin about ‘security enhancements’ and ‘lessons learned.’ Meanwhile, MEV bots are laughing all the way to the bank—because in crypto, the house doesn’t always win.