MEV Bot Exploiter's Failed Market-Timing Bet Loses $1.8M
The hacker behind the $7.7 million exploit of the Ethereum MEV bot jaredfromsubway.eth in June attempted to time the ETH market with the stolen funds.
The unknown hacker made some questionable trades, which backfired and resulted in a loss of a portion of their loot.
This incident highlights the risks associated with market-timing, laundering, and potential impacts on token performance and adoption.