Ross Ulbricht, recently pardoned by Trump, lost $12 million while trying to provide liquidity on Pump.fun, mistakenly setting up the wrong liquidity pool.

President Donald Trump granted a pardon to Silk Road marketplace founder Ross Ulbricht, a promise he made to the cryptocurrency industry during his campaign.

Ross Ulbricht’s first hopes for clemency died when a mob of Donald Trump’s supporters stormed the U.S. Capitol. Trump had planned to commute the life sentence of the founder of the Silk Road online drug bazaar at the end of his first term,

Ross Ulbricht-associated wallets lost $12 million due to errors while providing liquidity for the fan-made ROSS meme coin on Raydium.

Ross Ulbricht, founder of Silk Road, a first of its kind in the modern era, thanked President Donald Trump for setting him free and hinted at what he has planned for his future.

Law enforcement said Ulbricht created the “most sophisticated and extensive criminal marketplace” on the internet.

Ulbricht, who was convicted of running an anonymous online drug marketplace, became a hero to crypto-holders everywhere. What does his pardon signal for the future of the technology?

In 2015, a federal judge in Manhattan sentenced Ulbricht to life in prison for drug trafficking, computer hacking and money laundering.

U.S. President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted more than $200 million in illicit trade using bitcoin.

Discover how Silk Road founder Ross Ulbricht lost $12 million because of a blunder, causing the ROSS token to plunge 90%.

Silk Road founder Ross Ulbricht, or someone with access to his wallets, lost $12 million in a scam involving Pump.Fun memecoin on Solana.

In 2015, a 31-year-old yoga enthusiast from Austin named Ross Ulbricht was found guilty of being the online drug kingpin “Dread Pirate Roberts.” Convicted on 7 counts, the judge sentenced him to life in prison. Trump pardoned Ulbricht on Tuesday and now he’s a free man after more than 10 years in custody.