Ross Ulbricht Wallet Woes: Accidental Transaction Tanks Pumpfun Coin By $12M
Summary
Ross Ulbricht, founder of Silk Road, lost $12 million trading ROSS tokens, a memecoin created to support him post-pardon. On January 29, he attempted to manage liquidity for these tokens using a Solana wallet but mistakenly set up a Constant-Product Market Maker (CPMM) model instead of a Concentrated Liquidity Market Maker (CLMM) model. This error allowed the tokens to
