DeFiBearishCoinDesk · 9h ago7/10
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Ethereum's biggest 'sandwich' bot drained of $7.5 million in ironic exploit
A sophisticated attacker exploited Jaredfromsubway.eth, a prominent Ethereum MEV bot operator, by tricking them into approving fraudulent trading routes and subsequently draining $7.5 million in WETH, USDC, and USDT. The exploit highlights vulnerabilities in smart contract approval mechanisms and demonstrates that even experienced DeFi participants remain susceptible to social engineering and signature manipulation attacks.
$ETH