One of crypto's most well-known MEV bots, jaredfromsubway, has reportedly been exploited for approximately $7.7 million. The attacker walked away with a mix of ETH and stablecoins, then quickly consolidated everything into $ETH . Funds Stolen • 1,583.5 ETH (~$2.75M) • 2.87M USDC • 2.09M USDT After the exploit, the attacker swapped the stolen assets and accumulated a total of 4,427 ETH, worth roughly $7.7 million. Laundering Already Underway The funds are already being moved. So far, approximately 1,000 ETH has been deposited into Tornado Cash, a privacy protocol commonly used to obscure the trail of on-chain transactions. Current Status: Total Stolen: ~$7.7M, Converted Into: 4,427 ETH, Sent to Tornado Cash: 1,000 ETH, Remaining ETH: 3,427 ETH The speed of the movement suggests the attacker had a plan ready immediately after the exploit, rapidly converting the assets and beginning the laundering process before any potential recovery efforts could gain traction. jaredfromsubway has long been one of the most recognizable MEV entities on Ethereum, extracting millions through arbitrage and sandwich strategies over the years. Now, for once, the hunter appears to have become the hunted. The biggest question is whether the remaining funds can be tracked, or if they'll disappear into mixers before investigators can react.
jaredfromsubway Just Got Drained for $7.7M😳.
One of crypto's most well-known MEV bots, jaredfromsubway, has reportedly been exploited for approximately $7.7 million.
The attacker walked away with a mix of ETH and stablecoins, then quickly consolidated everything into $ETH .
Funds Stolen
• 1,583.5 ETH (~$2.75M)
• 2.87M USDC
• 2.09M USDT
After the exploit, the attacker swapped the stolen assets and accumulated a total of 4,427 ETH, worth roughly $7.7 million.
Laundering Already Underway The funds are already being moved.
So far, approximately 1,000 ETH has been deposited into Tornado Cash, a privacy protocol commonly used to obscure the trail of on-chain transactions.
Current Status: Total Stolen: ~$7.7M, Converted Into: 4,427 ETH, Sent to Tornado Cash: 1,000 ETH, Remaining ETH: 3,427 ETH
The speed of the movement suggests the attacker had a plan ready immediately after the exploit, rapidly converting the assets and beginning the laundering process before any potential recovery efforts could gain traction.
jaredfromsubway has long been one of the most recognizable MEV entities on Ethereum, extracting millions through arbitrage and sandwich strategies over the years.
Now, for once, the hunter appears to have become the hunted.
The biggest question is whether the remaining funds can be tracked, or if they'll disappear into mixers before investigators can react.