Ethereum’s infamous MEV bot, Jaredfromsubway.eth, was drained of $7.5 million in a clever exploit that targets its automated trading logic rather than traditional contract bugs or phishing scams. The attacker tricked the bot into approving fake trading routes and then used those approvals to drain WETH, USDC, and USDT funds. This incident highlights the risks of industrialized “sandwich-bot” activity, which can be turned into victims by machine-speed systems that approve transactions based on pattern recognition and profit signals.
Source: https://www.coindesk.com/tech/2026/06/21/ethereum-s-biggest-sandwich-bot-drained-of-usd7-5-million-in-ironic-exploit