JaredFromSubway’s MEV Bot Attacked, Suffers $7.5 Million Loss

According to on-chain analyst Blockaid (@blockaid_), the well-known Ethereum MEV bot JaredFromSubway (@jaredsmev) has been attacked, resulting in losses of approximately $7.5 million. The attacker constructed a deceptive MEV arbitrage path to trick the bot into automatically approving token transfers. Leveraging these open approvals—before they were revoked—the attacker drained WETH, USDC, and USDT from the bot’s contract. The stolen funds ultimately flowed to the attacker’s wallet address. Blockaid noted that this attack was not a conventional phishing attempt or smart contract vulnerability, but rather a targeted exploitation of the bot’s automated execution mechanism.