Ethereum's biggest 'sandwich' bot drained of $7.5 million in ironic exploit (opens original article in a new tab)

An Ethereum MEV bot was drained of $7.5 million after an attacker exploited its automated trading logic through fake tokens and liquidity pools, highlighting risks in machine-speed transaction systems.

• An attacker drained over $7.5 million from Ethereum MEV bot jaredfromsubway.eth by exploiting its automated trading logic
• The attacker used fake tokens and liquidity pools to gain approvals for malicious helper contracts
• Jaredfromsubway.eth was responsible for 70% of Ethereum sandwich attacks, costing traders $60 million annually
• Some stolen funds were sent to Tornado Cash
• The incident highlights risks of automated systems relying on pattern recognition