‘Expensive lesson’: Coinbase loses $300K token fees in 0x contract error
Coinbase lost about $300,000 in token fees after mistakenly approving assets to a 0x Project smart contract, allowing a maximal extractable value (MEV) bot to drain the funds.Deebeez, a security researcher at Venn Network, flagged the incident in a Wednesday post on X. He said Coinbase’s corporate w…