This was highlighted by Arkham Intelligence.
Through the initialization of a liquidity pool on the DEX Raydium, an incorrect asset worth was set. Tokens value $1.5 million obtained from the PumpFun platform had been “instantly intercepted” by an MEV bot and offered into an already established pool.
The script repeated this operation a number of instances, resulting in complete losses of $12 million.
The creators of ROSS despatched Ulbricht 50% of the overall meme coin provide. The MEV bot offered 80% of those cash for simply over $600,000, inflicting the asset’s worth to plummet by roughly 90%.
Regardless of these losses, Ulbricht nonetheless holds 10% of the availability, valued at round $200,000 after accurately including liquidity to the Raydium Concentrated Liquidity pool.
It is value noting that on January 22, U.S. President Donald Trump pardoned Ulbricht, who was serving two life sentences.
Coinbase’s product director, Conor Grogan, found 430 BTC in wallets presumably linked to Ulbricht, value practically $49 million, although entry to those funds stays unsure.