The Ethereum MEV bot jaredfromsubway.eth, known for sandwich attacks that profit from front-running trades, was exploited to lose over $7.5 million. An attacker tricked the bot into approving fake trading routes and malicious contracts mimicking popular tokens like WETH, USDC, and USDT, allowing the attacker to drain funds over several weeks. This incident highlights the risks of automated trading systems that rely on pattern recognition and fast approvals, showing even predatory bots can become victims. The stolen funds were partly routed through Tornado Cash, complicating traceability, and the event underscores the scale and dangers of industrialized sandwich attacks on Ethereum.
Bitcoin surged to $65,340 on August 7 after US July nonfarm payrolls unexpectedly fell by 23,000, the first monthly job loss since February. This weaker employment data reduced the probability of a Federal Reserve rate hike in September from 55% to 4...
In July, the US unemployment rate decreased slightly to 4.1%, the lowest since January 2025, despite weaker-than-expected non-farm payrolls showing a loss of 23,000 jobs. Meanwhile, US manufacturing activity expanded at its fastest pace in over four ...
A $100 million hack on Coldcard bitcoin hardware wallets has revealed nearly 5,000 security vulnerabilities across 400 crypto projects, including 85 critical bugs. This has shaken investor confidence and kept bitcoin prices near recent lows. A volunt...
Arm Holdings is positioned to benefit significantly from the growing AI and AGI CPU market, with demand doubling quarter-over-quarter and over $2 billion in secured orders from major partners like Meta and Oracle. Management aims for $25 billion in r...
Fuel Labs has launched its mainnet featuring a parallel execution engine for Ethereum-compatible applications. This innovation allows multiple transactions to be processed simultaneously rather than sequentially, enhancing throughput for complex dece...
