Altcoins News
By James Thorp
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What happened. One of Ethereum's busiest MEV bots just got drained. Jaredfromsubway.
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The historical context. DeFi has seen this movie before. In 2020, Harvest Finance got hit for $24 million through a flash…
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Why it matters. The $7.5 million loss isn't just a bad day for one bot operator.
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What to watch. A few things worth tracking in the months ahead. First, how the Ethereum network and major DeFi…
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One of Ethereum's busiest MEV bots just got drained. Jaredfromsubway.eth — probably the most recognizable sandwich bot on the network — lost $7.
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The mechanics were nasty. The attacker built custom smart contracts designed to lure the bot into executing unprofitable sandwich transactions.
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MEV bots aren't small operations. They run constantly, processing enormous transaction volumes across Ethereum's mempool, and Jaredfromsubway.
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DeFi has seen this movie before. In 2020, Harvest Finance got hit for $24 million through a flash loan vulnerability — a clean, fast attack that exposed how much damage a single…
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What connects these incidents isn't just the dollar amounts. It's the pattern. As DeFi systems grow more automated and more complex, they get more interesting to attackers.
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Jaredfromsubway.eth wasn't some scrappy new project. It was a well-established, high-volume operation. That's kind of the point.
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Read also: Jaredfromsubway.eth Drained $7.5 Million Across 70% of Ethereum Sandwich Attacks
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The $7.5 million loss isn't just a bad day for one bot operator. It sends a signal across the entire MEV ecosystem that automated trading systems carry real, unresolved security…
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More money flowing into DeFi means bigger targets. And bigger targets attract more sophisticated attackers. The Jaredfromsubway.eth exploit makes that loop pretty explicit.
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There's also the question of overconfidence. These bots run millions of transactions. They work — until they don't.
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Blockaid's real-time detection work here matters more than it might seem. Their ability to reconstruct the attack flow after the fact gives the ecosystem something to work with.
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