Coinbase’s $1.76M Loss: Lessons for Every DeFi User
Photo: Coincu
A reported $1.76M loss tied to activity on Coinbase’s Base network, flagged by blockchain security monitor PeckShield, is a reminder that security failures on centralized and layer-2 infrastructure carry direct consequences for every wallet connected to those networks, whether the owner holds assets on-chain or on an exchange. PeckShield, whose alerts serve as an early-warning layer for on-chain irregularities, flagged the incident via its public X account. The $1.76M loss figure originates from that reported alert; the precise attack vector, the affected contract addresses, and whether any funds were subsequently recovered have not been independently confirmed as of the time…
Source: Coincu
