Altcoins News
By James Thorp
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How the Trap Actually Worked. The attacker didn't brute-force anything. Yearn developer Banteg broke down the mechanics: over 97…
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Scams, Bounties, and "Well Played". After the hack went public, the chaos started fast. A recently renamed X account called…
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One of Ethereum's most active MEV bots just got played. JaredFromSubway.eth—a bot with 6.4 million transactions under its belt—walked straight into a trap and lost $7.
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Blockchain investigator Specter caught the suspicious activity first. The numbers are pretty brutal: approximately 1,475 WETH (worth around $2.6 million at the time), $2.
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The attacker didn't brute-force anything. Yearn developer Banteg broke down the mechanics: over 97 Ethereum blocks, the attacker dangled what looked like small, easy sandwich…
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That's the key part. The approvals built up quietly, block by block, until the attacker had everything they needed.
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Ninety-seven blocks. That's not a smash-and-grab. That's a siege.
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After the hack went public, the chaos started fast. A recently renamed X account called "jaredsmev" started posting fake bounty offers, claiming rewards between $1 million and $7.
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The real operator of JaredFromSubway.eth took a different route. Through an on-chain message—no intermediaries, just a direct blockchain transaction—the operator reached out to…
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Read also: Jaredfromsubway.eth Lost $7.5 Million in a Smart Contract Trap
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No response came. At least not publicly.
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And then there's the Robin Hood angle. Some users who'd previously been sandwiched by JaredFromSubway.eth's bot contacted the attacker directly, asking for refunds.
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The operator, for their part, kept engaging on-chain. Rare to see that level of direct communication in a situation like this, but it's one of the stranger features of…
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The attacker's silence makes everything murkier. No public statement, no response to the bounty offer, no acknowledgment of the on-chain messages.
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Read also: XRPPower Promises $97,000 Daily Returns on XRP — Red Flags Everywhere
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