Ross Ulbricht Loses $1.77M in Liquidity Mishap While MEV Bot Profits $643K
Two days ago, Ross Ulbricht (@RealRossU), the founder of Silk Road, suffered a huge loss of 400M $ROSS ($1.77M) due to an error while adding liquidity to the Raydium pool.
Meanwhile, an MEV bot capitalized on the situation by spending just 2.3 $SOL ($556) to scoop up 398.6M #ROSS at rock-bottom prices. Within moments, the bot flipped the tokens for 2,669 #sol ($643.5K)—turning a $556 investment into a $643K profit!
These back-to-back events highlight how on-chain mistakes can be brutally exploited—and how fast-moving bots can seize massive gains in the blink of an eye.