According to BlockBeats news on August 14, Venn Network security researcher deeberiroz disclosed that Coinbase was robbed of approximately $300,000 in token fees by an MEV bot due to a configuration error with the decentralized trading protocol 0x's swapper contract. This contract was originally intended for executing trades and was not suitable for receiving token authorizations. After Coinbase mistakenly authorized it, the bot called the contract and transferred tokens from Coinbase's fee account.
Coinbase Chief Security Officer Philip Martin confirmed the incident, stating that the issue stemmed from adjustments to the enterprise DEX wallet, which did not affect customer funds. The team has revoked authorization and transferred the funds to a new enterprise wallet. (The Block)