Short News
  • Sohrab Khawas
    author-profile
    Sohrab Khawas right arrow
    Author

    Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

    • author twitter
    • linkedin
  • Less than a minute

Coinbase Loses $300K to MEV Bots 

Coinbase lost about $300,000 after mistakenly approving token transfers to the 0x Project’s swapper contract, which allowed MEV bots to quickly exploit the corporate wallet. Coinbase’s Chief Security Officer confirmed that customer funds were not affected. The company swiftly revoked token permissions and moved remaining assets to a new secure corporate wallet to prevent further losses. This incident highlights the risks of smart contract misconfigurations and the fast-acting nature of MEV bots in the crypto space.

Show More
Back to top button