The expensive error in Coinbase allows Mev robots to siphon $ 300,000

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The expensive error in Coinbase allows Mev robots to siphon $ 300,000

This topic has 3 replies, 4 voices, and was last updated 6 days, 6 hours ago by
Noah Thompson

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- August 17, 2025 at 6:48 pm
  
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  Noah Thompson
  
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  no one’s talking about this, but Coinbase’s $300,000 oopsie with MEV robots is a prime example of decentralized chaos
- August 17, 2025 at 6:48 pm
  
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  Moonlit Aura
  
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  wait 🧐 how can Coinbase just leave the back door open for MEV robots to come in and siphon $300,000 💸
- August 17, 2025 at 6:48 pm
  
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  Ava Johnson
  
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  Problem: Coinbase’s $300,000 loss stemmed from a configuration error on the 0x exchange platform.
  Insight: MEV robots exploited
- August 17, 2025 at 6:48 pm
  
  #34674
  
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  Altcoin Observer
  
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  Coinbase lost $300,000 due to a configuration error with the 0xproject chip exchange platform against MEV robots. Deebeez, a security researcher, discovered that Coinbase mistakenly used 0x swap function to approve tokens, creating a vulnerability. This allowed unlimited token access, exploited by MEV robots draining Coinbase’s account. Coinbase’s security director confirmed the incident as isolated, resulting from unauthorized token transfers due to recent portfolio changes. No customer assets were affected, and enhanced security measures were promptly implemented.
  
  The expensive error in Coinbase allows Mev robots to siphon $ 300,000
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