Coinbase’s $550K Approval Disaster: How Ignoring 0x Docs Cost Them Big
Source: rekt.news - Drained by Design
On August 13th, Coinbase’s corporate fee wallet lost $550,000 due to a preventable operational error - approving token spending to the wrong contract on 0xProject’s protocol. This incident underscores why carefully heeding blockchain protocol documentation is critical, especially for institutions