Ethereum MEV bot Jaredfromsubway.eth loses $7.5M in counter-MEV trap

More than $7.5 million has been drained from Jaredfromsubway.eth after the Ethereum sandwich bot was lured into a fake trade setup. The attackers reportedly tricked the automated system into approving contracts that enabled the theft. Early analysis suggests the loss stemmed from a counter-MEV approach that exploited the bot’s own trading logic. Blockchain security firm Blockaid said attacker-controlled contracts were used to obtain token approvals and later drain funds.