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

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

August 27, 2025No Comments
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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



View Reddit by schnapps91038 – View Source

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