Silk Road Founder Ross Ulbricht Loses $12 Million In Crypto Blunder
Recently pardoned Silk Road founder Ross Ulbricht lost $12 million in a crypto blunder, causing the ROSS token to plunge 90%, according to Arkham Intelligence. Ulbricht Lost $12M On Pump.fun Ulbricht, or someone with access to his wallets, “accidentally nuked the price of a pumpfun coin” called ROSS while attempting to add liquidity on the decentralized exchange (DEX) Raydium, said blockchain analytics firm Arkham Intelligence on X. The ROSS coin was launched after Ulbricht’s release from prison. ROSS ULBRICHT LOST $12M ON PUMPFUN… Ross Ulbricht, or someone with access to his wallets, just accidentally nuked the price of a pumpfun coin sent to him while trying to provide liquidity on Raydium. Because he initialized the liquidity pool at the wrong price, $1.5M of the… pic.twitter.com/kN5BN2mN49 — Arkham (@arkham) January 30, 2025 “Because he initialized the liquidity pool at the wrong price, $1.5M of the token (5% supply) was ins...