Ethereum MEV Bot 'Jaredfromsubway' Loses $7.5M After Being Tricked in Crypto Trap
By
Kyle Torpey
Summary
A notorious Ethereum MEV trading bot known as 'Jaredfromsubway.eth' — infamous for conducting front-running 'sandwich attacks' on DeFi trades — was itself tricked and drained of approximately $7.5 million in cryptocurrency. The bot, whose name references disgraced former Subway spokesperson Jared Fogle, fell victim to a trap that turned its own predatory trading tactics against it.
Source
bskyEthereum MEV Bot 'Jaredfromsubway' Loses $7.5M After Being Tricked in Crypto Trapgizmodo.comKey quotes
· 3 pulledOne of Ethereum's most notorious trading bots just got beaten at its own game.
Jaredfromsubway.eth, a crypto trading bot long associated with front-running on-chain DeFi trades... was lured into a trap and drained of roughly $7.5 million in crypto.
Amid the wider chaos of DeFi, someone made a killing from Jaredfromsubway's notorious 'sandwich attacks.'
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