JaredFromSubway's bot lost $7.5M to fake tokens. We had already flagged them. (opens in new tab)

One of the most profitable MEV bots on Ethereum - the one trading as jaredfromsubway.eth - just lost around $7.5M. And the interesting part is how. It wasn't a contract exploit. No reentrancy, no bug in a DeFi protocol. It wasn't phishing either - no human signed anything. The bot approved its own robbery, because its automation was tricked into thinking it was about to feast on a juicy MEV opportunity. We traced the whole thing on-chain. And then we noticed something: our own scanner had alr...