Coinbase Earns $1 Million Amid Hack, But Victims Remain Unreimbursed.

During the $73 million Curve exploit in July, which caused momentary price fluctuations on the DeFi platform, Coinbase was involved in processing transactions related to the exploit, receiving a substantial payout of 570 ETH.

This payout is the second-largest ever associated with Miner Extractable Value (MEV) in Ethereum's history. The payment of 570 ETH was made by a trading bot aiming to capitalize on the unique arbitrage opportunity created by the exploit.

Interestingly, the Ethereum validator responsible for receiving this payment was unknowingly operated by Coinbase, making the exchange an unintentional beneficiary of the incident.

In light of these developments, Alchemix, one of the victims of the exploit, has contacted Coinbase in an attempt to secure a refund for the affected parties. However, it appears that Coinbase has not yet provided restitution for the victims.