"This includes failed attempts which are blocked by their security rules."
Ouch!
Ouch!
Yeah, no kidding. It means someone nefarious (or bored) can easily run up a huge bill by just directing a ton of invalid requests to their API.
Many inexpensive hosting providers provide you with a lot of bandwidth (e.g. Scaleway offers unlimited bandwidth at ~200MBit/s). Assuming you can saturate the link, that's around 64TB per month of traffic. Quite the Firebase bill they'd have.