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
$77,234.81+0.69%
Ethereum24h
$2,112.64-0.26%
BNB24h
$660.72+0.47%
XRP24h
$1.36+0.04%
Solana24h
$85.78-0.51%
TRON24h
$0.3661+1.06%
Dogecoin24h
$0.1025-0.16%
Hyperliquid24h
$63.62+1.70%
Zcash24h
$661.87+5.58%
UNUS SED LEO24h
$10.05-0.24%
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.
-
Tether vs. Circle: The battle for stablecoin dominance—by Protos Staff
-
Justin Sun’s Liberland has given Vitalik Buterin a medal—by Protos Staff
-
Nigel Farage: £5M Christopher Harborne gift was ‘reward’ for Brexit—by Protos Staff
-
DeFi projects lose $6M in fresh string of exploits this week—by Protos Staff
-
Crypto firms put IPO plans on ice as listed companies tank—by Protos Staff
-
AP just rugged crypto bros with a Swatch collab—by Protos Staff
-
Somebody is flooding Bitcoin’s network with new IP addresses—by Protos Staff
-
Bitcoin dropped to $0.019 on Revolut today—by Protos Staff
-
JaredFromSubway.eth sandwich attacked Vitalik Buterin—by Protos Staff
