Ethereum MEV bot Jaredfromsubway.eth drained of $7.5M

An attacker drained over $7.5 million from the Ethereum MEV bot Jaredfromsubway.eth by exploiting its automated trading logic. The attacker deployed 66 fake token contracts mimicking WETH, USDC, and USDT over several weeks, tricking the bot into granting approvals. The bot was responsible for roughly 70% of Ethereum sandwich attacks.