Bitcoin24h $64,443.96+0.73%

Ethereum24h $1,882.44+1.37%

BNB24h $570.68+0.93%

XRP24h $1.10+0.89%

Solana24h $75.07+1.53%

TRON24h $0.3311+0.49%

Hyperliquid24h $58.83+2.05%

Dogecoin24h $0.0733+5.49%

UNUS SED LEO24h $9.72+0.20%

Zcash24h $492.67+3.18%

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.

CRV tokens that Michael Egorov sold to avoid liquidation of his debt were briefly sent to Binance, briefly dropping their price.

Curve reportedly sent the hacker a message telling them they could keep 10% of the stolen funds if they returned the rest.

Michael Egorov has sold over 39 million CRV tokens in OTC deals to protect against his huge loan position being liquidated.