Silk Road founder’s wallet lost more than $12 million due to token liquidity addition error

Odaily News According to Arkham monitoring, Ross Ulbricht, the founder of the dark web Silk Road, or someone with access to his wallet, accidentally caused the price of his eponymous token ROSS to drop by 90% when trying to provide liquidity on Raydium.
Ross tried to add one-sided liquidity to passively sell tokens, but accidentally created a pool with Raydium CPMM instead of CLMM, so $1.5 million of tokens (5% of total supply) were immediately grabbed and sold by MEV bots. The same mistake was made a second time, and another $10.5 million (35% of supply) was lost.
Previously, Ross Ulbricht’s Solana donation address received 50% of the supply of ROSS (Ross Ulbricht Fund) tokens from dev last week.
Despite losing 40% of the supply, Ross still holds 10% of the tokens in a separate address and the LP is correctly added to Raydium Concentrated Liquidity. (Currently worth about $200,000)