A well-known trading bot took a notable hit this weekend after it fell victim to a series of transactions that left its logic exposed to malicious behavior. The $7.5 million attack, which took place on Saturday, marked a sudden setback for “jaredfromsubway” and the formula it has used to quietly notch profits on Ethereum for years. The trading bot has been credited with perfecting the so-called sandwich attack. The strategy is widely viewed as a form of market manipulation on decentralized exchanges, involving trades that are placed around pending transactions and hurt price execution. Essentially, an attacker ... (full story)