Curve Founder Michael Egorov's Liquidated CRV Positions Explained

IconCryptoNewsTerminal Staff13 Jun, 2024

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Curve Founder Michael Egorov's Liquidated CRV Positions Explained

Analysis indicates that 140 million CRV, worth approximately $36 million, belonging to Curve (CRV) founder Michael Egorov were liquidated from lending positions. However, it's important to note that he had already used 31 million USDT in 2023 to purchase a house, thereby avoiding any actual losses. The individuals who incurred losses were investors who had acquired CRV via over-the-counter transactions in August of last year at an average price of $0.4. These investors are likely the ones who were impacted by the liquidation of Egorov's positions.

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