Ethereum MEV bot Jaredfromsubway.eth loses $7.5 million in exploit
By
Shaurya Malwa
Summary
Jaredfromsubway.eth, a notorious Ethereum MEV bot known for conducting "sandwich attacks" on users, was itself exploited for over $7.5 million. The attacker tricked the bot into approving fake trading routes, then used those approvals to drain WETH, USDC, and USDT. The exploit is ironic because the bot's own automated trading logic was turned against it. Security firm Blockaid identified the attack method.
Source
bskyEthereum MEV bot Jaredfromsubway.eth loses $7.5 million in exploitcoindesk.comKey quotes
· 3 pulledJaredfromsubway.eth, one of Ethereum's most infamous MEV bots, has been drained for more than $7.5 million after an attacker turned the bot's own automated trading logic against it.
The bot is known for sandwich attacks, a form of maximal extractable value, or MEV, in which an automated trader spots a pending transaction, buys ahead of it, lets the victim trade at a worse price, then sells immediately after.
Blockaid said an attacker tricked Jaredfromsubway.eth into approving fake trading routes, then used those approvals to drain WETH, USDC and USDT.
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