Good at Hacking, Bad at Trading: MEV Bot Exploiter Makes Costly ETH Bet
The unknown hacker behind June’s exploit in opposition to the Ethereum maximal extractable worth (MEV) bot jaredfromsubway.eth continues to attempt to time the market with their ETH strikes, however with adverse penalties.
Using the proceeds they secured from the $7.7 million assault, the unhealthy actor made some questionable selections that really price them a portion of their loot.
Data from Lookonchain indicated that the exploiter offered 2,327 ETH at costs slightly below $1,700 after the hack. However, they modified their thoughts on Ethereum and began to build up earlier at this time, buying 2,063 ETH at a mean worth of $1,912 per token.
This meant that the perpetrator booked a $505,000 loss since they acquired $3.94 million for the sale following the hack and now spent the identical quantity simply to obtain 264 fewer tokens.
The Jaredfromsubway exploiter is horrible at buying and selling.
A month in the past, the exploiter stole $7.7M and swapped it for $ETH.
The exploiter later offered 2,327 $ETH($3.94M) at $1,695, then purchased again 2,063 $ETH($3.94M) at $1,912 10 hours in the past.
He misplaced 264 $ETH($505K).… pic.twitter.com/JRpFrOIkWG
— Lookonchain (@lookonchain) August 7, 2026
The precise assault occurred on June 20-21 when the perpetrator tricked the automated sandwich bot utilizing faux liquidity swimming pools and misleading tokens, swiping round $7.7 million.
They began transferring hundreds of thousands of {dollars} by way of Tornado Cash instantly, whereas the workforce behind the MEV bot offered a 50% bounty and a 48-hour deadline to reply, or would pursue “all out there authorized and law-enforcement cures.”
There was no official response, however the hacker’s actions spoke louder, as they haven’t returned any of the funds, and the commerce from above is the newest affirmation of a rejection.
The submit Good at Hacking, Bad at Trading: MEV Bot Exploiter Makes Costly ETH Bet appeared first on CryptoPotato.
