$7.5M Exploit Rocks Jaredfromsubway.eth Sandwich Attack Bot

A notorious 'sandwich attack' bot called Jaredfromsubway.eth has been exploited for over $7.5 million, according to Blockaid.

The attacker created fake tokens and pools that tricked the bot into granting approvals, which were later used to drain funds from the contract.

This is not a traditional phishing attack or smart-contract vulnerability, but rather an exploitation of the bot's automated MEV execution system.

Jaredfromsubway.eth has been one of the most successful MEV bots in crypto, netting hundreds of millions over the years through its automated trading systems.