- Jaredfromsubway.eth, a prominent MEV bot, lost over $7.5 million in a sophisticated counter-MEV honeypot attack on Saturday.
- The attacker deployed 66 fake token and liquidity pool contracts to trick the bot’s automated systems into granting approvals.
- Between November 2024 and October 2025, roughly 70% of sandwich attacks on Ethereum were associated with Jaredfromsubway.eth.
- The stolen funds have already been partially routed to the crypto mixing service Tornado Cash.
A prominent and highly successful MEV bot, Jaredfromsubway.eth, was drained of more than $7.5 million on Saturday after an attacker exploited its automated systems. According to Blockaid, this was not a classic phishing attack but a sophisticated counter-MEV honeypot targeting the bot’s decision-making logic.
Over several weeks, the attacker deployed 66 fake contracts mimicking major tokens like WETH, USDC, and USDT alongside fake liquidity pools. These fakes appeared as profitable trades, luring the automated bot into granting token approvals to attacker-controlled contracts. Consequently, the attacker gained control and swept millions in ETH, USDC, and USDT in a single transaction.
Ironically, the very automation that netted the bot hundreds of millions over the years led to its downfall. Some of the stolen funds have already been sent to crypto mixing service Tornado Cash, according to onchain data.
This incident is a rare setback for MEV bots, which are often seen as an “invisible tax” on DeFi users. Cointelegraph Research previously found sandwich attacks resulted in about $60 million in annual losses for Ethereum traders.
The bot’s reach was extensive, as it was responsible for roughly 70% of sandwich attacks in recent months. In a notable example, Ethereum co-founder Vitalik Buterin was even sandwich attacked by Jaredfromsubway.eth in May. Crypto commentator David Gokhshtein said, “if you’ve ever been sandwiched by this … I’m pretty sure you’re not upset about this news.”
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