{"id":623147,"date":"2025-01-31T16:11:17","date_gmt":"2025-01-31T16:11:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=623147"},"modified":"2025-01-31T16:11:17","modified_gmt":"2025-01-31T16:11:17","slug":"silk-road-founder-ross-ulbricht-loses-12-million-in-crypto-blunder","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/silk-road-founder-ross-ulbricht-loses-12-million-in-crypto-blunder","title":{"rendered":"Silk Road Founder Ross Ulbricht Loses $12 Million In Crypto Blunder"},"content":{"rendered":"

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.<\/span><\/p>\n

Ulbricht Lost $12M On Pump.fun<\/span><\/h2>\n

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. <\/span>The ROSS coin was launched after Ulbricht<\/a>’s release from prison. <\/span><\/p>\n

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ROSS ULBRICHT LOST $12M ON PUMPFUN…<\/p>\n

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.<\/p>\n

Because he initialized the liquidity pool at the wrong price, $1.5M of the… pic.twitter.com\/kN5BN2mN49<\/a><\/p>\n

— Arkham (@arkham) January 30, 2025<\/a><\/p><\/blockquote>\n