0x Claims Coinbase Was Attacked by MEV Bots Due to Configuration Error

According to HashiChain news, 0x stated in a tweet that the recent incident was caused by a third party incorrectly configuring token approvals for permissionless contracts. The 0x smart contracts and API maintain a high level of security, and customer funds are not at any risk. 0x advises against setting quotas on Settler, and to ensure quotas are set on Permit2 or AllowanceHolder. Earlier reports indicated that Coinbase suffered an MEV bot attack due to interaction with the 0x exchange, resulting in an approximate loss of $300,000.