🚨 NOW: Ross Ulbricht, founder of Silk Road, lost 400M $ROSS ($1.77M) after a liquidity error in the Raydium pool. An MEV bot exploited the mistake, spending just 2.3 $SOL ($556) to buy 398.6M $ROSS at a low price, then selling for 2,669 $SOL ($643.5K), netting a $643K profit.
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🚨 NOW: Ross Ulbricht, founder of Silk Road, lost 400M $ROSS ($1.77M) after a liquidity error in the Raydium pool.
— Cointelegraph (@Cointelegraph) January 30, 2025
An MEV bot exploited the mistake, spending just 2.3 $SOL ($556) to buy 398.6M $ROSS at a low price, then selling for 2,669 $SOL ($643.5K), netting a $643K profit. pic.twitter.com/H1Hz2oMDwl
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