Coinbase Lost $300K After Misstep with 0x Swapper Contract
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 14 2025Coinbase Wallet Incident: Coinbase lost approximately $300,000 due to a flaw in its corporate wallet's interaction with a smart contract from the 0x Project, which allowed unauthorized token transfers by MEV bots. The issue was confirmed as isolated and customer funds were not affected.
0x Protocol Overview: The 0x Protocol is an Ethereum-based infrastructure for peer-to-peer digital asset trading, enabling developers to create trading applications through publicly audited smart contracts, which are utilized for liquidity pooling and token swapping.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
