• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ross Ulbricht Loses $12 Million in Solana Tokens Due to Liquidity Mistake

user avatar

by Giorgi Kostiuk

a year ago

Ross Ulbricht, the well-known founder of the Silk Road marketplace, lost approximately $12 million due to an error in a Solana token transaction. Let's explore how this mistake occurred and its impact on his crypto holdings.

How the Solana Token Loss Happened

The significant financial setback occurred when Ulbricht's donation address inadvertently received 50% of the total supply of ROSS tokens, leading to a $10.5 million loss, making up 35% of all ROSS tokens.

Impact of the $12M Loss on Ross Ulbricht’s Crypto Holdings

Ulbricht successfully added liquidity to the Raydium centralized liquidity pool, stabilizing the remaining value of the ROSS tokens, allowing them to continue circulating in the ecosystem.

Future Plans and Recovery

While the $12 million loss is a major blow, Ulbricht is taking steps to rectify the situation, attracting attention from the crypto community for his ability to adapt and mitigate further risks.

Despite the significant loss, Ross Ulbricht continues to take steps towards restoring his crypto holdings and ensuring their market stability.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Linq's Strategic Pivot to AI Messaging Infrastructure Enhances User Experience

chest

Linq has pivoted to become an infrastructure provider for AI assistants in messaging apps, responding to market demand.

user avatarAndrew Smith

Epstein's Alleged Role in Bitcoin Development Sparks Controversy

chest

Recent interpretations of Jeffrey Epstein's correspondence suggest he had significant influence over Bitcoin's development, despite the decentralized nature of the cryptocurrency.

user avatarArif Mukhtar

Cboe's Binary Options Could Transform Prediction Market Landscape

chest

Cboe's entry into the binary options market may legitimize prediction-style trading and influence regulatory discussions.

user avatarLeo van der Veen

Cboe's Proposed Binary Options to be Regulated by SEC and CFTC

chest

Cboe Global Markets has proposed binary options to be regulated by the SEC and CFTC, ensuring compliance and investor protection.

user avatarMaya Lundqvist

US Crypto Media Traffic Declines in Q4 2025

chest

US cryptonative media experienced a significant drop in traffic during Q4 2025, with visits down by 28.24% to 10.618 million, affecting 71.95% of outlets.

user avatarTenzin Dorje

Cboe Global Markets Considers Relaunch of Binary Options for Retail Investors

chest

Cboe Global Markets is exploring the relaunch of binary options for retail investors, aiming to meet the demand for simplified trading instruments.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.