The founder of the Silk Road Ross lost $ 12 million due to liquidity operation errors

Panews January 30 news, according to ARKHAM monitoring, the founder of the Silk Road Ross Ulbricht or the man who manages his wallet provides liquidity on Raydium, which causes losses to $ 12 million due to price settings errors.

Last week, Ulbricht's Solana donation address received a total supply of 50% of the Ross Ulbricht Fund. He tried to add unilateral liquidity to Raydium to sell tokens with passively, but due to the incorrect price of the liquidity pool, the ROSS tokens (5% supply) of 1.5 million US dollars were immediately snatched and sold by the MEV robot, resulting in the currency The price plummeted 90%.

Subsequently, ULBRICHT tried to operate again, causing an additional $ 10.5 million (35% supply) to be liquidated, and a total of 40% of the token supply was lost. Nevertheless, he still holds 10% of the tokens in a separate address and has re -added liquidity correctly at the Raydium Concentrald Liquidity.