Ross Ulbricht-Connected Wallets Face $12M Setback in Raydium Trading Mistake
TLDR Ross Ulbricht's associated wallets lost approximately $12M in a crypto liquidity error on Raydium The mistake involved creating the wrong type of liquidity pool (CPMM instead of CLMM) This error resulted in 40% of ROSS token supply being sold at severely undervalued prices A MEV bot profited approximately $600,000 from the situation, turning $556 [.
TLDR Ross Ulbricht's associated wallets lost approximately $12M in a crypto liquidity error on Raydium The mistake involved creating the wrong type of liquidity pool (CPMM instead of CLMM) This error resulted in 40% of ROSS token supply being sold at severely undervalued prices A MEV bot profited approximately $600,000 from the situation, turning $556 [. What's Your Reaction?
