MEV Bot Using Jaredfromsubway.eth Drains $7.5M in Exploitation
A leading Ethereum MEV bot, Jaredfromsubway.eth, has reportedly been drained of more than $7.5 million after an attacker exploited weaknesses in the bot’s automated execution workflow. The incident highlights a critical, often underappreciated risk for MEV infrastructure: once a bot is trusted with permissions, attackers only need to trick it into granting the right approvals to move funds.