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Ethereum MEV Bot 'Jaredfromsubway' Drained of $7.5 Million Through Honeypot Scheme on Saturday

Security Incidents On-Chain Data

2026-06-21 15:14:01

ETH-0.43%

According to Blockaid, jaredfromsubway.eth, one of Ethereum's most prolific MEV sandwich bots, was drained of approximately $7.5 million in WETH, USDC, and USDT on Saturday through an elaborate honeypot attack. The attacker deployed 66 counterfeit token contracts mimicking WETH, USDC, and USDT paired with fake liquidity pools, tricking the bot's automated system into approving attacker-controlled helper contracts. In small test transactions, the approvals were consumed as expected, but in larger bait trades, the attacker structured the routes to leave approvals open, allowing a final sweep that extracted 1,474.58 WETH, 2.87 million USDC, and 2 million USDT at 18:49 UTC. The stolen assets were converted to approximately 4,427 ETH (worth roughly $7.7 million), with 1,000 ETH deposited into Tornado Cash, according to onchain tracker Lookonchain.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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