Curve Finance founder Michael Egorov hit amid $22M CRV liquidation cascade
Over $20M worth of CRV-collateralised positions were liquidated as the price of the Curve Finance’s governance token dropped over 30%.
Bitcoin24h
$63,175.13+1.72%
Ethereum24h
$1,791.98+3.20%
BNB24h
$576.35+1.56%
XRP24h
$1.17+4.29%
Solana24h
$82.19+0.16%
TRON24h
$0.3261+1.72%
Hyperliquid24h
$69.59-1.09%
Dogecoin24h
$0.0791+3.08%
UNUS SED LEO24h
$9.14-0.16%
Zcash24h
$470.97+2.33%
Curve chief nearly liquidated for $150M in CRV in weekend crypto crash
Egorov came close to liquidation on his highly leveraged CRV positions, which total over $150M, with CRV dipping below $0.38 on Saturday.
Curve Finance ‘gentleman’s agreement’ expires, counterparties dump CRV
During the early hours of February 1, as soon as the deal expired, three of Micheal Egorov’s counterparties moved a total of 8.75 million CRV.
What’s happened with Michael Egorov’s CRV?
CRV tokens that Michael Egorov sold to avoid liquidation of his debt were briefly sent to Binance, briefly dropping their price.
-
World’s biggest clearinghouse didn’t need to XRP to go round the clock—by Protos Staff
-
DeFi drama: ENS governance battle, EF cuts and Gnosis reboot—by Protos Staff
-
Strategy’s STRC hit another all-time low today—by Protos Staff
-
Tornado Cash DAO faces ‘malicious’ governance attack, researchers warn—by Protos Staff
-
New research questions if Hal Finney was really Bitcoin’s second user—by Protos Staff
-
Michael Saylor wants $100 STRC — the market says different—by Protos Staff
-
Lawyer wants Satoshi’s anonymous ‘finder’ to drop the mask—by Protos Staff
-
Goldfinch Africa lending dream ends in defaults and 99.8% token crash—by Protos Staff
-
Most Litecoin nodes ignore patch for double-spending bug—by Protos Staff
