{"id":1570,"date":"2026-06-21T08:17:45","date_gmt":"2026-06-21T08:17:45","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=1570"},"modified":"2026-06-21T08:17:45","modified_gmt":"2026-06-21T08:17:45","slug":"ethereums-most-notorious-mev-bot-loses-7-5-million-in-on-chain-honeypot-trap","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=1570","title":{"rendered":"Ethereum\u2019s Most Notorious MEV Bot Loses $7.5 Million in On-Chain Honeypot Trap"},"content":{"rendered":"
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An attacker drained roughly $7.5 million from the JaredFromSubway MEV bot, one of Ethereum’s most active sandwich-attack systems, after tricking it into approving token spending it never should have granted.<\/strong><\/p>\n

Security firm Blockaid, which flagged the incident, said the bot was not hit by a smart-contract bug, a phishing attack, or a private-key leak. Instead, the attacker turned the bot’s own profit-seeking logic against it.<\/p>\n

How the MEV Bot was Tricked<\/h2>\n

The JaredFromSubway MEV bot runs an automated strategy that scans Ethereum’s mempool for profitable trades. The practice is known as maximal extractable value<\/a>.<\/p>\n

The bot front-runs and back-runs other trades to capture the price difference, a tactic called a sandwich attack. <\/p>\n

It became infamous in April 2023. In one day, it burned over $1 million in gas, nearly 8% of all Ethereum gas spending<\/a>.<\/p>\n

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I remember in 2023 jaredfromsubway was making ~$1M per day front running memecoin traders<\/p>\n

was truly fascinating https:\/\/t.co\/udufw39Zry<\/a> pic.twitter.com\/KL5q4ZIfrq<\/a><\/p>\n

— good (@thenarrator) June 20, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

The attacker spent weeks deploying 66 counterfeit token contracts. The fakes imitated Wrapped Ether (WETH), USD Coin (USDC), and Tether (USDT).<\/p>\n

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#PeckShieldAlert<\/a> Specter has reported that #MEV<\/a> bot #JaredFromSubway<\/a> appears to have been drained of ~$7.5M in crypto, including 1,474.58 $WETH<\/a>2.87M $USDC<\/a>& 2M $USDT<\/a>. <\/p>\n

The attacker swapped the stolen funds for 4.4K ETH and has already deposited 1K ETH into #TornadoCash<\/a> pic.twitter.com\/qY6IVDdnGJ<\/a><\/p>\n

— PeckShieldAlert (@PeckShieldAlert) June 20, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

To the bot, these contracts looked like the routes it was built to chase. It took the bait and approved spending to attacker-controlled helper contracts. One approval alone handed over more than 92 WETH.<\/p>\n

A final contract then used those open allowances to sweep<\/a> real funds from the bot.<\/p>\n

A Reverse-MEV Trap<\/h2>\n

The trap turned the bot’s speed and aggression into a weakness. Hunting MEV bots is not new. In 2023, a rogue validator drained about $25 million from MEV sandwich bots<\/a>.<\/p>\n

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“attacker-controlled contracts tricking an automated MEV execution system into granting token approvals, later used to drain funds,” Blockaid indicated<\/a>. <\/p>\n<\/blockquote>\n

Sandwich attacks like these have long drawn criticism for acting as an invisible tax<\/a> on everyday traders.<\/p>\n

The bot’s operator put the loss closer to $15 million. They also offered a $1 million bounty for the return of the funds. Blockaid and PeckShield valued the on-chain drain at about $7.5 million in WETH, USDC, and USDT.<\/p>\n

The operator recovering anything may now depend on the attacker accepting that offer.<\/p>\n

The post Ethereum\u2019s Most Notorious MEV Bot Loses $7.5 Million in On-Chain Honeypot Trap<\/a> appeared first on BeInCrypto<\/a>.<\/p>\n