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MEV Bots: Because Who Needs Human Intelligence When You Can Just Steal From DeFi Protocols and Call It a Day

Crypto NewsDeFiHack 5 Doug Martinez August 22, 2024

An illustration of an anthropomorphic sandwich being attacked by multiple smaller sandwiches from both sides. The attacking sandwiches are depicted as having sharp teeth and claws, while the central sandwich is shown struggling under their assault. In the background, various DeFi protocol logos can be seen scattered about in a chaotic manner. A large Uniswap V3 pool logo dominates one side of the image, with liquidity being added to it by smaller arrows moving upwards into its depths. On the opposite side, an arrow points downwards from within the pool as liquidity is removed.

The never-ending saga of crypto scams continues! It seems like just when you thought it was safe to go back into the water, another MEV bot comes along and starts making off with millions. This time around, we have “jaredfromsubway” 2.0, because who needs a new name anyway? The upgrade from last year’s model is impressive – instead of just executing simple sandwich attacks on DeFi protocols, this one can add liquidity to the mix! It’s like they say: if you want something done right, give it to a bot that was inspired by a convicted child sex offender. Meanwhile, users are left holding the bag (or rather, their wallets) as these bots continue to suck millions out of DeFi protocols with impunity. And don’t even get me started on those “sophisticated” multi-layered sandwich attacks – it’s like they’re trying to make crypto look more complicated than a spreadsheet full of Ponzi scheme math problems.

Source: cointelegraph

Notorious ‘jaredfromsubway’ MEV bot returns with new attacks
https://cointelegraph.com/news/notorious-mev-bot-returns-new-attacks
A notorious maximal extractable value (MEV) bot is back and has been upgraded to carry out even more sophisticated “sandwich” attacks.  The MEV bot that goes by “jaredfromsubway.eth” — which raked in millions of dollars in crypto through arbitrage and “sandwich” attacks in early 2023 — has been enhanced. On Aug. 20, MEV tracking site EigenPhi reported a new MEV contract has emerged with new tactics and more sophisticated multi-layered […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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