Ross Ulbricht-linked crypto wallets appear to shed $12 million in value on Pump.fun: Arkham
Powered by @unfolded- Crypto wallets linked to Ross Ulbricht lost $12 million in value on Pump.fun due to a liquidity provision error.
- The loss occurred when Ulbricht or someone with access to his wallets initialized a liquidity pool at the wrong price, leading to significant sell-offs by a MEV Bot.
- Despite the loss of 40% of the token supply, Ulbricht retains 10% in a separate address.
- Ulbricht, recently pardoned by former President Trump, previously served 11 years for his role in creating Silk Road.