MultiversX Tracker is Live!

Beware of MEV! Even Coinbase was drained for ~$300,000 when swapping on-chain

All Cryptocurrencies

by COINS NEWS 69 Views

On Wednesday Coinbase was drained of ~$300,000 after using 0x swapper incorrectly.

They approved all the tokens accrued as fees to their router, getting drained immediately by MEV bots.

This same swapper is known to have had issues with Zora claims on Base, since it allows users to have it make arbitrary calls

This just goes to show that even the most experienced people and companies have to be careful when interacting on-chain, specially due to MEV bots.

Source: https://app.blocksec.com/explorer/tx/eth/0x4f59b88f96873486a5ae1b519bd29e16abcf0118334bad1218e300fd4e95bed4

submitted by /u/schnapps91038
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments