Ethereum Sandwich Bot Loses $7.5M

New Yorkjaredfromsubway.eth, Ethereum’s top sandwich bot, lost $7.5M to a copycat exploit, security firm Blockaid said.

Sandwich bots front-run a trade then sell back; the attacker turned that predictable logic against the bot.

The attacker’s identity and method remain undisclosed; the bot had cost traders roughly $60M a year.

Sources: CoinDesk