Coinbase Lost $300K After Misstep with 0x Swapper Contract
Coinbase 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.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 69.465 | 73.922 | 78.755 | 83.212 | 88.045 | 92.502 | 97.335 |
| Fibonacci | 73.922 | 77.471 | 79.664 | 83.212 | 86.761 | 88.954 | 92.502 |
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