Ross Ulbricht lost $12 million due to liquidity pool setting error

According to TechFlow, on January 30, Arkham monitoring showed that Ross Ulbricht or his wallet visitors suffered heavy losses due to setting errors when providing liquidity on Raydium.

Of this, $1.5 million (5% of the total token supply) was arbitrageurized and sold by the MEV robot. In the second operation, another $10.5 million (35% of the total token supply) was lost.

Ross Ulbricht received 50% of the supply of ROSS tokens from the developers last week, and despite the loss of 40%, he still holds 10% and has correctly added liquidity.