Curve Founder Speaks Out Liquidation Results in 10 Million Bad Debt 93 Already Repaid
Stablecoin exchange agreement Curve founder Michael Egorov (michwill) has had his CRV lending position liquidated by $140 million.
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The founder of Curve was only liquidated to exit CRV, and the emperor is not in a hurry at all.
)
Michael Egorov finally speaks out:
“The Curve Finance team and I have been working hard to address the liquidation risk issues happening today. Many of you know that all of my loans have been liquidated. My position was too large for the market to handle, resulting in a $10 million loss. The lend.curve.fi market was most affected. I have repaid 93% already, and I plan to repay the rest soon. It will help users avoid this situation.”
Ethereum developer @sassal0x sarcastically remarked: “Just don’t buy a mansion.”
CRV
Curve
DeFi
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