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😈 One of the most famous MEV bots on Ethereum (JaredFromSubway) lost over $15 million!
Karma in action…
➠ The bot made money for years through sandwich attacks: saw an ordinary person's transaction, quickly bought the token before it (to drive up the price), and then sold after the victim's purchase. People lost money, the bot earned millions!
➠ Malicious actors created fake "profitable deals" – counterfeit tokens and trading pools that looked very lucrative.
➠ The bot automatically "bought into" this bait and granted approvals to malicious contracts for its tokens.
➠ Anonymously, they simply took WETH, USDC, and USDT from the bot via a regular transferFrom. In one large withdrawal, about $7.5 million was taken. Total losses across all related wallets exceeded $15 million.