DeFiBearishcrypto.news · 9h ago7/10
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JaredFromSubway MEV bot gets drained in $7.5m approval trap
A MEV bot named JaredFromSubway lost $7.5 million in WETH, USDC, and USDT after an attacker exploited token approval vulnerabilities to drain its Ethereum contract. The incident highlights critical smart contract security risks in the MEV bot ecosystem where token approvals can be weaponized to siphon assets.
$ETH