JaredFromSubway MEV Bot Drained of $7.5M in Token Approval Trick
JaredFromSubway—one of Ethereum’s most recognizable MEV bots—was caught in an unusual exploit that drained roughly $7.5 million in WETH, USDC, and USDT. Blockchain security firm Blockaid detailed the incident in a security report covered by WuBlockchain, framing it as a novel attack on the bot’s decision-making logic rather than a traditional smart contract vulnerability. The loss reshapes how automated trading infrastructure on Ethereum will need to defend itself.