Monitored by Woofun AI, prominent MEV robot Jaredfromsubway.eth suffered a reverse attack that resulted in losses exceeding $7.5 million. This security breach highlights the persistent risks within decentralized exchange infrastructure and automated trading strategies.

Meanwhile, broader industry developments include a statement from a Tether co-founder asserting that stablecoins are entering a 2.0 era where users may share reserve profits. Hyperliquid confirmed that all markets denominated in USDH on HyperCore have completed settlement.

Additionally, Axelar clarified that its protocol and IBC were unaffected by a recent security incident, attributing the vulnerability to third-party token contract issues.