Coinbase Suffers $300,000 Loss Due to MEV Bot Exploit

Crypto exchange platform Coinbase has experienced a significant loss of $300,000 after encountering a technical error involving a 0x-based swap. The incident highlights the vulnerability of even large blockchain organizations to Maximal Extractable Value (MEV) bot attacks. While no customer funds were impacted, the company swiftly responded by revoking token allowances and transferring the affected funds to a new wallet.