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Silk Road founder Ross lost approximately US$12 million in Raydium due to improper operations

According to Internet reports, according to Arkham Monitoring, Ross Ulbricht or someone with access to his wallet provided liquidity in Raydium when he mistakenly set the initial price of the liquidity pool, causing significant losses. Specifically,$1.5 million of this amount (5% of the total token supply) was immediately arbitrated by the MEV robot and sold in the existing pool. Approximately $10.5 million (35% of the total token supply) was subsequently lost in the second operation. It is reported that Ross Ulbricht received 50% of the supply of ROSS (Ross Ulbricht Fund) tokens from developers last week. Despite losing 40% of the token supply, Ross still holds 10% of the tokens at another address and has correctly added liquidity to the Raydium centralized liquidity pool.

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