The hacker who stole $7.7 million from the Ethereum MEV bot known as Jaredfromsubway has suffered a $505,000 loss after a poorly timed round-trip trade in Ether, according to blockchain analytics firm Lookonchain. The exploiter, who drained funds from the bot in June, has been attempting to time the market with the stolen ETH but has now booked a significant loss.
Lookonchain reported that after the initial theft, the hacker swapped the stolen assets into Ether. Then, they sold 2,327 ETH for $3.94 million at an average price of $1,695 per token. Ten hours ago, they bought back 2,063 ETH at an average price of $1,912, spending the same $3.94 million. This resulted in a net loss of 264 ETH, worth approximately $505,000 at current prices. In effect, the exploiter received 264 fewer tokens for the same amount of money after trying to flip the position.
The original attack on Jaredfromsubway occurred on June 20-21, when the perpetrator used fake liquidity pools and deceptive tokens to trick the automated sandwich bot. The stolen $7.7 million was immediately moved through Tornado Cash. Despite a 50% bounty offered by the bot’s team and a 48-hour ultimatum, the funds have not been returned. This latest trading blunder underscores the risks even skilled hackers face when handling ill-gotten gains in volatile markets.
