Ross Ulbricht loses $12M on Raydium
This is a Radium news story, published by CoinGape, that relates primarily to Ross Ulbricht news.
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Business & Economics
Silk Road Founder Ross Ulbricht Loses $12M in Crypto Liquidity Blunder | CoinGape

57% Informative
Silk Road founder Ross Ulbricht lost $ 12 M after mistakenly creating the wrong liquidity pool on Radium .
In place of a CLMM pool, Ulbrich created CPMM, which released the 40% of the ROSS supply to buyers.
With a 90% drop in ROSS price, a MEV model earned $ 600k in profits.
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