Close Menu
Cryprovideos
    What's Hot

    3 Meme Cash To Watch In The Second Week Of July

    July 7, 2025

    U.S. DOJ Formally Closes Epstein Case, Will Not Launch Further Info: Right here is Why ‣ BlockNews

    July 7, 2025

    Technique Pauses Bitcoin Purchases After Q2 Outcomes – Bitbo

    July 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Silk Highway Founder Ross Ulbricht Loses $12 Million In Crypto Blunder
    Silk Highway Founder Ross Ulbricht Loses  Million In Crypto Blunder
    Crypto News

    Silk Highway Founder Ross Ulbricht Loses $12 Million In Crypto Blunder

    By Crypto EditorFebruary 1, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Be a part of Our Telegram channel to remain updated on breaking information protection

    Just lately pardoned Silk Highway founder Ross Ulbricht misplaced $12 million in a crypto blunder, inflicting the ROSS token to plunge 90%, in keeping with Arkham Intelligence.

    Ulbricht Misplaced $12M On Pump.enjoyable

    Ulbricht, or somebody with entry to his wallets, “by chance nuked the worth of a pumpfun coin” known as ROSS whereas making an attempt so as to add liquidity on the decentralized trade (DEX) Raydium, mentioned blockchain analytics agency Arkham Intelligence on X. The ROSS coin was launched after Ulbricht’s launch from jail. 

    ROSS ULBRICHT LOST $12M ON PUMPFUN…

    Ross Ulbricht, or somebody with entry to his wallets, simply by chance nuked the worth of a pumpfun coin despatched to him whereas attempting to offer liquidity on Raydium.

    As a result of he initialized the liquidity pool on the flawed value, $1.5M of the… pic.twitter.com/kN5BN2mN49

    — Arkham (@arkham) January 30, 2025

    “As a result of he initialized the liquidity pool on the flawed value, $1.5M of the token (5% provide) was immediately taken by a MEV Bot, then offered into the present pool,” Arkham added.

    The tokens rapidly grew to become out there for buying and selling at a cheaper price. The maximal extractable worth (MEV) bot took benefit of this, shopping for them instantly and promoting them for a revenue. MEV bots are identified for fast scans of worthwhile investments and capitalizing on them.

    In the meantime, the Ulbricht-linked pockets made the identical mistake once more, dropping one other $10.5 million, or about 35% of the provision, in keeping with Arkham.

    “Ross tried so as to add single-sided liquidity to promote the cash off passively, however by chance created a pool with Raydium CPMM, Fixed-Product Market Maker, as an alternative of CLMM Concentrated Liquidity Market Maker,” Arkham reported.

    The MEV bot instantly bought the tokens and offered them for greater than $600,000, resulting in a 90% drop within the worth of ROSS.

    ROSS is buying and selling at round 1 cent, with a 700% enhance during the last day, in keeping with DEX Screener.

    Arkham flagged each pockets addresses, that are listed for donations on FreeRoss.org, a marketing campaign led by Ulbricht’s household to help his launch from jail. Ulbricht’s Solana donation tackle bought 50% of the ROSS provide from the developer.

    Regardless of dropping 40% of the provision, Arkham mentioned the pockets addresses nonetheless maintain 10% of the ROSS token provide, valued at round $200,000.

    Associated Articles

    Latest Meme Coin ICO – Wall Road Pepe

    Wall Street PepeSilk Highway Founder Ross Ulbricht Loses  Million In Crypto Blunder

    • Audited By Coinsult
    • Early Entry Presale Spherical
    • Personal Buying and selling Alpha For $WEPE Military
    • Staking Pool – Excessive Dynamic APY

    Wall Street PepeSilk Highway Founder Ross Ulbricht Loses  Million In Crypto Blunder


    Be a part of Our Telegram channel to remain updated on breaking information protection





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    EU Grants MiCA Licenses to 53 Crypto Companies: Right here Is the Full Record

    July 7, 2025

    Trump Is Making Financial institution on Crypto: Do Voters Care? – Decrypt

    July 7, 2025

    Nigerian Scammer Posing as Trump Ally Steve Witkoff Stole 250K in Crypto From One Political Donor

    July 7, 2025

    What’s Avalanche? Might AVAX be the Finest Crypto Purchase of 2025? ‣ BlockNews

    July 7, 2025
    Latest Posts

    Technique Pauses Bitcoin Purchases After Q2 Outcomes – Bitbo

    July 7, 2025

    Bitcoin’s Liquidity Lifeline Simply Acquired Lower—What You Want To Know

    July 7, 2025

    Bit Digital converts complete 280 BTC reserve to $172M price of Ethereum

    July 7, 2025

    CleanSpark mines 685 BTC in June, scales hashrate 145% YoY

    July 7, 2025

    Metaplanet Boosts Bitcoin Holdings, Now Ranks Fifth Globally – Bitbo

    July 7, 2025

    Metaplanet Acquires 2,205 Bitcoin, Joins Prime 5 Public BTC Holders

    July 7, 2025

    Musk Says America Social gathering Will Embrace Bitcoin, Trump Slams Him

    July 7, 2025

    Analysts: Bitcoin Bollinger Bands Sign Potential Breakout – Bitbo

    July 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    FCA Requires Trade Enter on Plans to Sort out Abuse in UK Crypto Market – Decrypt

    December 17, 2024

    A number of Crypto ETF Functions Comply with As Gary Gensler Exits the SEC

    January 18, 2025

    Crypto Exchanges Underneath Scrutiny as Canada Cracks Down On Drug-Associated Cash Laundering

    January 25, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.