Good at Hacking, Bad at Trading: MEV Bot Exploiter Makes Costly ETH Bet

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The unknown exploiter behind June’s attack on the MEV bot jaredfromsubway.eth suffered a $505,000 loss on their ETH trading operations. After stealing $7.7 million and selling 2,327 ETH at around $1,695, they repurchased 2,063 ETH at an average price of $1,912, ending up with 264 ETH less for the same amount. The initial attack, which occurred on June 20-21, exploited fake liquidity pools and deceptive tokens to trap the automated sandwich bot. The MEV bot team had offered a 50% bounty and a 48-hour deadline to return the funds, with no official response from the hacker.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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