Jaredfromsubway.eth launches a new MEV robot to carry out complex sandwich attacks

Golden Finance reported that a trader named Jaredfromsubway.eth has launched a new MEV robot, implementing more complex Arbitrage and sandwich attacks, and has earned millions of dollars in ETH. Since August 14th, Jared has deprecated the old contract Address, and the new Address uses the same public and private key pair as the original robot. According to EigenPhi’s data, the new contract Address has processed over 85,000 transactions, generating approximately 765 ETH (close to 2 million dollars). Jared’s new robot has executed a multi-tiered sandwich attack, including five-layer and seven-layer attacks, which simultaneously exploit trading opportunities from multiple victims. The sandwich attack manipulates the transactions of ordinary users before and after to help attackers obtain more favorable prices, while causing ordinary users to get worse prices for their transactions. This strategy exploits the Slippage of encrypted transactions, raising prices and profiting from them.