Highly active MEV bot known as jaredfromsubway.eth drained for $7.7 million (opens in new tab)

On blockchains like Ethereum, a strategy known as \"MEV\" \(short for \"maximal extractable value\"\) allows intermediaries to profit from manipulating the structure of blocks added to the chain — often reordering or \"sandwiching\" transactions in ways that extract profits\. Automated software known as MEV bots make a business out of this strategy, and one of the most active is a bot called jaredfromsubway\.eth — likely so named after one-time Subway spokesman and convicted sex offender Jare...