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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...

Ross Ulbricht, the founder of the Bitcoin industry’s first major business, the Silk Road, is now free. Donald Trump called his mother Lyn Ulbricht last night to deliver the news that he had signed a full and unconditional presidential pardon of her son who had been in federal prison since summer 2015. Trump promised to pardon Ulbricht on “day one” in office. However, as January 20 passed and January 21 drew to a close, doubt began to creep into the #FreeRoss community. Impatience grew as Trump spent time signing dozens of non-crypto executive orders and then went off to attend the Commander in Chief Ball and the Liberty Ball. Elon Musk tried to quell fears, reiterating the president’s promise mid-day on January 21 while White House spokespeople didn’t respond to requests for comment about the pardon prior to Trump’s announcement. The matter dragged on long enough for some X users to express skepticism. As of 7am on January 21, Polymarket’s binary options accepte...