'Fat-Finger' Fail? Cardano Whale Torches $6M After Hitting Illiquid USDA Pool

Charles Hoskinson, the founder of Cardano, has made a strong statement in response to the recent downturn in the cryptocurrency market. In a video released on November 15, he urged investors to refrain from panic-selling and criticized the act of converting cryptocurrencies to fiat, suggesting it represents a choice for a dystopian future. His comments come amid a challenging market environment, emphasizing the importance of maintaining confidence in the crypto space.

A Cardano holder has reportedly lost 90% of their investment, amounting to $6.9 million in ADA, due to a mistaken swap involving a highly illiquid trading pool. The holder inadvertently converted their substantial ADA holdings into a lesser-known stablecoin, resulting in a final value of only $847,695. This incident highlights the risks associated with trading in illiquid markets and the potential for significant financial loss.

A Cardano holder has suffered a significant financial loss after mistakenly converting $6.9 million worth of ADA into a lesser-known stablecoin. This error occurred due to the use of a highly illiquid trading pool, resulting in a staggering 90% loss of the original investment, leaving the holder with only $847,695.

A Cardano wallet that had been inactive for five years was recently activated, resulting in a significant financial loss of $6 million during an ADA-to-USDA swap. This incident highlights the potential risks associated with large transactions in cryptocurrency trading, emphasizing the importance of liquidity awareness among traders. The event occurred on November 16, 2025, and serves as a cautionary tale for those engaged in crypto trading, where lack of liquidity can lead to substantial losses.

AJ Scaramucci’s family has invested over $100 million in a Bitcoin mining company associated with Donald Trump's sons. This investment was part of a larger $220 million pre-IPO financing round led by Solari Capital in July. The investment is viewed as a significant commitment to Bitcoin infrastructure rather than merely a speculative token investment. Other notable investors include the founder of Cardano and various real estate figures.