According to Odaily, a trader known by the pseudonym Jaredfromsubway.eth has introduced a new MEV (Miner Extractable Value) bot that employs more sophisticated arbitrage and sandwich attacks, generating millions of dollars in ETH. Since August 14, Jared has transitioned from an old contract address to a new one, which utilizes the same public-private key pair as the original bot. Data from EigenPhi indicates that the new contract address has processed over 85,000 transactions, yielding approximately 765 ETH, which is close to $2 million.
Jared's new bot executes multi-layered sandwich attacks, including five-layer and seven-layer attacks. These complex strategies allow the bot to exploit multiple victims simultaneously, capitalizing on the arbitrage opportunities created by Jared's MEV bot.
