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

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?

Silk Road founder Ross Ulbricht, who was given two life sentences in 2015, thanks President Donald Trump for giving him a "second chance" with unconditional pardon.

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.

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.