MarketPR
The on-chain trading bot known as 'jaredfromsubway,' one of crypto's most recognized maximal extractable value (MEV) operators, was drained of roughly $7.5 million through a counter-MEV honeypot attack.
The exploit used the bot's own predatory mechanics against it: a fabricated on-chain opportunity designed to lure the bot's funds into a trap.
An X account bearing the bot's name subsequently claimed a $15 million loss and posted a $1 million bounty, but evidence points to that account being an impersonator rather than the actual operator.
What Counter-MEV Means MEV — maximal extractable value — refers to profit extracted by inserting transactions into a block in a specific order, ahead of or around other users' pending transactions.
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