Ethereum MEV Bot JaredFromSubway Loses $7 Million in Targeted Attack

ETH0.26%
According to ChainCatcher, the Ethereum-based MEV bot JaredFromSubway lost approximately $7 million in a recent attack. Attackers constructed fraudulent MEV arbitrage paths to trick the bot into generating token approvals, then exploited the open authorization to transfer WETH, USDC, and USDT from the bot's contract to attacker-controlled wallets.
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