Curve Finance founder Michael Egorov is facing significant liquidation risk as the price of the CRV token has plummeted by over 35% in the past 24 hours, falling to $0.2354. Egorov currently has $141 million worth of CRV as collateral against $95.7 million in stablecoins, primarily crvUSD, across five accounts on five protocols. The sharp decline in CRV's value has triggered auto-liquidations, resulting in substantial selling activity and bad debt for several protocols. Specific liquidations include $3.3 million on Fraxlend and $6.47 million on FiRM, with no bad debt reported from FiRM. The CRV-crvUSD market has also seen all bad debt repaid, totaling 233,819 crvUSD. Additionally, the USDT market has repaid a total of 4,225,000 USDT in bad debt. Egorov has faced a total of $27 million in liquidations as CRV hit historic lows.