Thursday, July 31, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Ulbricht-Linked Wallets Lose $12M in Crypto Trading Error

1 February 2025
in Blockchain
Reading Time: 3 mins read
0 0
A A
0
Home Blockchain
Share on FacebookShare on Twitter


Crypto wallets linked to Ross Ulbricht, the creator of the Silk Street market, misplaced $12 million as a consequence of a misstep whereas buying and selling a fan-made token referred to as ROSS.

Blockchain analytics agency Arkham Intelligence shared the main points in a January 30 publish on X, explaining how the error led to a sudden drop within the token’s worth.

The problem started when Ulbricht, or somebody managing his wallets, arrange a liquidity pool on the improper worth on the decentralized change (DEX) Raydium


RAY

$7.03

. This allowed a buying and selling bot to purchase $1.5 million price of the token (5% of its complete provide) at a low worth and instantly promote it for a revenue.

Do you know?

Need to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer movies each week!

How one can Be taught Crypto The Simple Means? (Trending Newbies’ Technique)

How to Learn Crypto The Easy Way? (Trending Beginners' Strategy)
How to Learn Crypto The Easy Way? (Trending Beginners' Strategy)

The identical mistake occurred once more, leading to a $10.5 million loss or about 35% of the token’s provide.

Arkham defined that as an alternative of utilizing the right liquidity setup, the person created a pool utilizing the improper market-making technique. This error made it simple for an additional bot to purchase and promote the tokens, pushing ROSS down by 90%.

Nonetheless, after dropping 40% of the full provide, the wallets nonetheless maintain round 10%, price roughly $200,000.

The wallets concerned within the transactions are listed as donation addresses on FreeRoss.org, a marketing campaign run by Ulbricht’s household. They’d obtained 50% of the ROSS token provide from its developer however misplaced a big portion as a consequence of these buying and selling errors.

Lately, Ulbricht obtained a donation from the cryptocurrency change Kraken

$548.56M

. How a lot was it? Learn the complete story.

Aaron S. Editor-In-Chief

Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Battle II period.With near a decade of expertise within the FinTech trade, Aaron understands all the largest points and struggles that crypto fanatics face. He’s a passionate analyst who is worried with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and trade newcomers.Aaron is the go-to individual for every thing and something associated to digital currencies. With an enormous ardour for blockchain & Web3 training, Aaron strives to rework the house as we all know it, and make it extra approachable to finish freshmen.Aaron has been quoted by a number of established shops, and is a printed writer himself. Even throughout his free time, he enjoys researching the market tendencies, and searching for the following supernova.



Source link

Tags: 12MCryptoErrorLoseTradingUlbrichtLinkedwallets
Previous Post

Be A Bitcoin Bridge

Next Post

Dogelon Mars Price Prediction: ELON Soars 25% As Traders Turn To This ICO For Diversified Meme Coin Investing

Related Posts

XTZ Price Struggles at $0.83 Despite Strong Bullish Trend Classification
Blockchain

XTZ Price Struggles at $0.83 Despite Strong Bullish Trend Classification

31 July 2025
Dragonfly Capital Dodges DOJ Threat in Tornado Cash Trial
Blockchain

Dragonfly Capital Dodges DOJ Threat in Tornado Cash Trial

31 July 2025
Tezos (XTZ) Price Struggles at $0.82 After Recent Volatility Spike
Blockchain

Tezos (XTZ) Price Struggles at $0.82 After Recent Volatility Spike

30 July 2025
When Dalio speaks, markets listen – and he mentioned Bitcoin
Blockchain

When Dalio speaks, markets listen – and he mentioned Bitcoin

30 July 2025
DYDX Price Falls to $0.62 Despite MiCA Compliance Boost – Technical Analysis Shows Mixed Signals
Blockchain

DYDX Price Falls to $0.62 Despite MiCA Compliance Boost – Technical Analysis Shows Mixed Signals

29 July 2025
Ray Dalio Backs Gold and Bitcoin as US Debt Hits $36.7T
Blockchain

Ray Dalio Backs Gold and Bitcoin as US Debt Hits $36.7T

29 July 2025
Next Post
Dogelon Mars Price Prediction: ELON Soars 25% As Traders Turn To This ICO For Diversified Meme Coin Investing

Dogelon Mars Price Prediction: ELON Soars 25% As Traders Turn To This ICO For Diversified Meme Coin Investing

Stablecoins surpass Visa and Mastercard with $27.6 trillion transfer volume in 2024

Stablecoins surpass Visa and Mastercard with $27.6 trillion transfer volume in 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

2 July 2025
JPMorgan & Coinbase Team Up: Crypto From Rewards Coming

JPMorgan & Coinbase Team Up: Crypto From Rewards Coming

31 July 2025
Altcoins Stay In Danger Zone Until Bitcoin Clears This Level: Analyst

Altcoins Stay In Danger Zone Until Bitcoin Clears This Level: Analyst

31 July 2025
Engineer Arrested After Hackers Loot $44M From CoinDCX

Engineer Arrested After Hackers Loot $44M From CoinDCX

31 July 2025
Auradine Shipped $73M Worth of Bitcoin Miners to MARA in H1 2025 – Mining Bitcoin News

Auradine Shipped $73M Worth of Bitcoin Miners to MARA in H1 2025 – Mining Bitcoin News

31 July 2025
Kraken Grows Fast, But Profits Dip Ahead of 2026 IPO Plans

Kraken Grows Fast, But Profits Dip Ahead of 2026 IPO Plans

31 July 2025
XTZ Price Struggles at $0.83 Despite Strong Bullish Trend Classification

XTZ Price Struggles at $0.83 Despite Strong Bullish Trend Classification

31 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$118,060.00-0.49%
  • ethereumEthereum(ETH)$3,775.92-1.16%
  • rippleXRP(XRP)$3.09-1.15%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$789.48-0.23%
  • solanaSolana(SOL)$176.55-1.78%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,771.26-1.19%
  • dogecoinDogecoin(DOGE)$0.215733-2.60%
  • tronTRON(TRX)$0.326717-0.02%