Silk Road's founder Ross Ulbricht lost 1.7 million dollars due to a mistake on the Solana network.
A mistake in the cryptocurrency world caused Silk Road's founder Ross Ulbricht to lose 400 million ROSS assets, worth (1,77 million dollars.
Ulbricht experienced this huge loss due to a mistake he made while adding liquidity to the Raydiumpool.
The incident began with a Miner Extractable Value ) bot, buying 398.6 million ROSS added by Ulbricht at a low price for only 2.3 SOL (556 dollars.
The bot then sold these tokens for approximately $643,000, equivalent to 2,669 SOL )643 thousand dollars( profit.
This incident once again highlighted the risks that need to be paid attention to during liquidity provision and smart contract usage in the cryptocurrency market.
Especially investors who trade in large amounts should be more careful about these types of errors and not skip verification steps during their transactions.
The disappearance experienced by Ross Ulbricht once again reminded the crypto world of how critical security and verification processes are. Investors should carefully monitor and, if necessary, seek expert support to avoid similar situations.
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Altcoin Adventure Started with a Loss of 1.7 Million: Surprising Mistake by the Silk Road Founder! - Coin Bulletin
Silk Road's founder Ross Ulbricht lost 1.7 million dollars due to a mistake on the Solana network.
A mistake in the cryptocurrency world caused Silk Road's founder Ross Ulbricht to lose 400 million ROSS assets, worth (1,77 million dollars.
Ulbricht experienced this huge loss due to a mistake he made while adding liquidity to the Raydium pool.
The incident began with a Miner Extractable Value ) bot, buying 398.6 million ROSS added by Ulbricht at a low price for only 2.3 SOL (556 dollars.
The bot then sold these tokens for approximately $643,000, equivalent to 2,669 SOL )643 thousand dollars( profit.
This incident once again highlighted the risks that need to be paid attention to during liquidity provision and smart contract usage in the cryptocurrency market.
Especially investors who trade in large amounts should be more careful about these types of errors and not skip verification steps during their transactions.
The disappearance experienced by Ross Ulbricht once again reminded the crypto world of how critical security and verification processes are. Investors should carefully monitor and, if necessary, seek expert support to avoid similar situations.