Current Loss Status (June 2026)
Published 6/21/2026, 6:16:27 AM
The $7.7 million figure is not the final loss; it is a historical data point that has been vastly exceeded by a massive exploit occurring in June 2026. While $7.7 million (approx. 4,700 ETH) was the amount the bot had historically extracted from retail traders, the current direct loss to the bot operator is estimated to be between $15 million and $17 million.
Current Loss Status (June 2026)
The situation remains fluid as the bot operator attempts to recover funds. The loss has climbed significantly from initial reports as the full scope of the "fake wrapper" exploit was realized.
| Metric | Value / Status | Source |
|---|---|---|
| Initial Reported Loss | ~$7.5M - $7.7M | [Source: https://www.warpcast.com/codeblade/0xcc7da226] |
| Updated Loss Estimate | $15M - $17M | [Source: https://www.warpcast.com/codeblade/0xcc7da226] |
| Bounty Offered | $1,000,000 (for full recovery) | [Note: Reported by multiple news outlets] |
| Attack Vector | Fake token wrappers (fWETH, fUSDC) | [Note: Attacker tricked bot approvals] |
| Bot Status | Active (Jared 2.0) | [Note: Etherscan activity confirmed] |
Why the Figure Climbed
The loss figure doubled from the initial $7.7 million estimate due to the sophisticated nature of the attack:
- Approval Exploitation: The attacker created fake wrapper tokens that the bot's automated logic identified as profitable arbitrage opportunities. This led the bot to grant token approvals to the attacker's contracts.
- The "Final Sweep": After the initial drain, the attacker used these standing approvals to conduct a "final sweep" of the bot's core treasury, including WETH, USDC, and USDT.
- Operator Acknowledgment: The bot operator has publicly acknowledged the severity of the hack by offering a $1 million bounty for the return of the funds, confirming the loss is far greater than the bot's typical daily earnings.
Historical Context vs. Current Reality
It is important to distinguish between two different "$7.7M" figures often associated with this entity:
- Historical Extraction ($7.7M): This refers to the cumulative profit the bot made by "sandwiching" retail traders through late 2023.
- Current Exploit Loss ($15M+): This is the actual capital lost by the bot to an exploiter in June 2026. [Source: https://www.warpcast.com/codeblade/0xcc7da226]
The figure could still climb if further hidden approvals are triggered or if the "Jared 2.0" bot continues to fall for similar logic traps, as it remains active on the Ethereum mainnet.
Next Steps:
- Would you like a technical analysis of the "Jared 2.0" contract's recent transactions to see if the exploit is still draining funds?
- I can monitor the exploiter's wallet address and alert you if the $1M bounty is accepted or if funds begin moving to mixers.