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Ross Ulbricht-tied crypto wallets lose $12M in memecoin misstep: Arkham

Ross Ulbricht-tied crypto wallets lose M in memecoin misstep: Arkham

Crypto wallets tied to recently pardoned Silk Road creator Ross Ulbricht lost $12 million after making a memecoin trading mistake, says blockchain analytics firm Arkham Intelligence. Ulbricht, or a user operating his wallets, “accidentally nuked the price” of a fan-made memecoin created after Ulbricht’s release from prison called ROSS while trying to provide liquidity on the decentralized exchange (DEX) Raydium, …

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