It also provides an open function for the files in a zip file. I see no reason something like this won't bail after a small limit:

    import zipfile
    with zipfile.ZipFile("zipbomb.zip") as zip:
        for name in zip.namelist():
            print("working on " + name)
            left = 1000000
            with open("dest_" + name, "wb") as fdest, zip.open(name) as fsrc:
                while True:
                    block = fsrc.read(1000)
                    if len(block) == 0:
                        break
                    fdest.write(block)
                    left -= len(block)
                    if left <= 0:
                        print("too much data!")
                        break