Cryptographic wallets connected to Ross UlbrichtSilk Road Marketplace creator, Lost $ 12 million Due to a false step while changing a token made by fans called Ross.
Blockchain analysis firm Arkham intelligence shared the details in a January 30 publication in Xexplaining how The error led to a sudden fall in the value of the token.
The problem began when Ulbricht, or someone who manages their wallets, Configure a liquidity group at the wrong price About decentralized exchange (Dex) Raydium
RAY
$ 4.76
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The same error happened again, resulting in a loss of $ 10.5 million or about 35% of the token supply.
Arkham explained that instead of using the correct liquidity configuration, the user created a pool using the incorrect market manufacturing method. This error facilitated another bot buy and sell tokens, pushing Ross down 90%.
However, after losing 40% of the total supply, the wallets still keep around 10%, for an approximate value of $ 200,000.
The wallets involved in the transactions are List as Donation addresses at Freross.orgA campaign led by Ulbricht’s family. They had He received 50% of the tokens ross supply of its developer but lost a large part due to these commercial errors.
Recently, Ulbricht received a donation from the exchange of Kraken cryptocurrencies
$ 775.94m
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
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