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After a $7.5 Million Loss, Can Ethereum Finally Fix MEV?
Jun 22, 2026
< 1 min read
by Ashish Kumar
for CryptoPolitan
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AI Overview
On June 22 the operator of Jaredfromsubway.eth, a prolific Ethereum automated trading bot, offered a 50% white hat bounty after a hacker drained more than $7.5 million from the bot's wallet using a carefully constructed on-chain honeypot. The incident highlights crypto and DeFi security risks for automated trading bots and wallets, signaling potential contagion to trading strategies and liquidity while prompting bounty-driven remediation and incident response.
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The operator behind Jaredfromsubway.eth, one of Ethereum’s most prolific automated trading bots, offered a 50% white hat bounty on June 22 after a hacker drained more than $7.5 million from the bot’s wallet using a carefully constructed on-chain honeypot. It proves that bots that exploit regular traders can also be a target for cyber criminals....
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In This News
Coins
$ 1.79K
+2.89%$ 0.0018
0%Predictions Markets
See what traders are focused on
Share: