Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
$140 million in CRV is being liquidated as Curve founder Michael Egorov borrows $95.7 million in stablecoins against $141 million in CRV across multiple platforms. Egorov faces significant liquidation risk as CRV token price drops sharply.
🧠 $CRV recoups losses following debt repayments. $CRV jumped by 8.7% after the founder of Curve Finance faced $27M liquidation and repaid most of the debt. 🌐 Explore More: https://t.co/iOvgKhW3Sc #TheCryptoArk #BybitNews https://t.co/1DWJoyQ4gB
Curve founder, Michael Egorov was liquidated for $140 Million in $CRV Rumours say he indirectly dumped his bag by taking a massive loan position and never paid back while profiting $100M. Let's discuss the Liquidation Event and impact on Curve. 🧵⏬ https://t.co/aA17dgjXKJ
🤔 Curve founder, Michael Egorov, committed to developing the protocol despite heavy liquidations reducing his CRV exposure to a stash of ve-tokens However, many onlookers believe Egorov never intended to pay back his nearly $100M in stablecoin loans 👀 https://t.co/3gsULs3r8N
