Tag: Smart Contract Slip-Up

  • Coinbase Loses $300K in Token Fees After Smart Contract Slip-Up

    Coinbase Loses $300K in Token Fees After Smart Contract Slip-Up

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    by

    Yashika Gupta

    Coinbase has suffered a $300,000 loss in token fees after mistakenly approving assets to a 0x Project smart contract. The error allowed a maximal extractable value (MEV) bot to drain the funds from the exchange’s corporate wallet. While no customer funds were affected, the incident has been described by security experts as an “expensive lesson”…