Incident case file
Sign in to watchJaredFromSubway MEV Bot — Counter-MEV Honeypot Approval Drain
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Estimated loss
Victims identified
Investigation
Facts and investigation
Attacker: Principal: 0x3e37f4A10d771Ba9dE44b6d301410b1BEdeA65d0 (EIP-7702-delegated EOA). Downstream/distribution addresses: 0x74Dc5b93586D248D5Aec64b3586736FF0A0D0e65; 0x71d4416A7A85e08a5Fe7227Ca3B44Fc639e94e97; 0xd8C125efCBc99408eC8723E9BBd81d1E8D39D845; 0xe3Da36E4bd1a5738fa5D6Ef4F0e4dF40bDeB5f17 (routed 1,000 ETH to Tornado Cash); 0x139bE50D7c0829E0db6E9A444454517e24AbeE7a; 0x5aF38735B215b00aa7C9f93fEd7ee415CeCB36e1 (frontrunning); 0x19Ff2017803a832eE968454848DAb48fF39C881A; 0x7B4F24a4522bc2AEE9D1686FF
Timeline: T-X (weeks prior to June 20, 2026): Attacker deploys and seasons 66 fake token wrapper contracts and sham liquidity pools designed to look like profitable arbitrage opportunities, specifically targeting the automated, trust-minimized decision logic used by MEV bots. T0 (June 20, 2026, ~18:49 UTC): The bot's automated strategy interacts with the bait contracts and grants token approvals to attacker helper contract 0xE93e8AA4e88359dACf33c491Cf5bD56eB6C110c1. T+minutes: Attacker sweeps WETH, USDC and USDT from the bot via transferFrom calls, consolidating into 0x3e37f4A10d771Ba9dE44b6d301410b1BEdeA65d0 and downstream addresses. T+same day: Analyst Specter and Blockaid publicly flag the drain on X (June 20, 2026); PeckShieldAlert confirms the approval-hijack vector. T+2 days (June 22, 2026): The bot operator posts an on-chain message offering 50% of the stolen assets (~2,150 ETH) for return within 48 hours; the attacker declines. The Block reports ~2,000 ETH routed through Tornado Cash the same day. T+2-3 days: ~1,422 ETH swapped for ~$2.45M DAI via DEX (CryptoPotato, Crypto Briefing, June 22-23). Status as of report compilation: Active/unrecovered, no attribution to any named threat actor by any authoritative security firm.
Sources and coverage
- Articleen.bloomingbit.iohttps://en.bloomingbit.io/feed/news/114666
- Articlethedefiant.iohttps://thedefiant.io/news/hacks/jaredfromsubway-eth-mev-bot-drained-7-5-million-counter-mev-honeypot
- Articlehacked.slowmist.iohttps://hacked.slowmist.io/
- Articletheblock.cohttps://www.theblock.co/post/405464/notorious-jaredfromsubway-mev-bot-drained-for-roughly-7-5-million-in-counter-mev-honeypot
- Articlehtx.comhttps://www.htx.com/en-in/news/Industry%20News-kS7uFjAH/
- Articlecryptopotato.comhttps://cryptopotato.com/jaredfromsubway-hacker-ignores-50-bounty-routes-funds-to-tornado-cash/
- Articleblog.thirdweb.comhttps://blog.thirdweb.com/jaredfromsubway-eth-mev-bot-exploited-for-7-5m-what-builders-need-to-know
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