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How the famous MEV bot JaredfromSubway exploited $7.7M:
($1M bounty to recover the funds)
- attacker creates fake $WETH, $USDC & $USDT tokens
- fake liquidity pools trick the bot into trading
- bot unknowingly gives unlimited token approvals
- attacker uses "transferFrom" function to drain the bot
- steals
1,583 ethereum:native
$2.87M $USDC
$2.09M $USDT
Total loss: ~$7.7M
- funds swapped into 4,427 ETH
- 1,000 ETH sent to Tornado Cash
- bot owner confirms exploit
- offers a $1M bounty to recover the funds
- one of crypto's biggest MEV bots gets outplayed by its own automation


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