MEV Bot Jaredfromsubway.eth Loses Over $7.5 Million

The Ethereum MEV bot known as Jaredfromsubway.eth has incurred losses exceeding $7.5 million following a hacking incident, as reported by Blockaid.

🚨Community Alert:
Blockaid's Exploit Detection system identified an exploit involving the @jaredsmev MEV bot on Ethereum. The attack was executed through contracts controlled by the hacker, which misled the bot into granting token approvals that facilitated the withdrawal of funds.

— Blockaid (@blockaid_) June 20, 2026

Blockaid explained that the attack did not stem from a conventional phishing attempt or a flaw within the bot's smart contract. Instead, the attacker created numerous counterfeit token contracts masquerading as WETH, USDC, and USDT, associating them with fraudulent liquidity pools. This deception made these trades appear profitable, attracting the attention of MEV bots targeting sandwich attacks.

As a result, Jaredfromsubway.eth inadvertently allowed the attacker's auxiliary contracts to access and utilize genuine assets. The attacker executed all backdoors in a single transaction to withdraw the stolen funds, with some coins reportedly funneled to Tornado Cash, according to Arkham's data.

Cointelegraph estimates that Ethereum traders face annual losses of around $60 million due to sandwich attacks. Between November 2024 and October 2025, the network experienced 60,000 to 90,000 such attacks monthly, with an estimated 70% attributed to Jaredfromsubway.eth.

Interestingly, this MEV bot was the largest gas consumer on the Ethereum network at one point in June 2024.