Curve Finance (CRV) attack.
→ Founder Mykhailo Egorov invested in credit platforms since last year: 371M CRV (~$156mln).
→ The price was falling, and in order not to catch the liquidation, he sold CRV tokens through OTS to funds at a price of $0.4, during this time Mykhailo bought a mansion in Melbourne for $41M, and in 2022 he bought an Italian mansion for $59M , instead of "support the price".
→ As a result, large owners began to sell CRV, and the CEO of Curve Finance, from the very morning, began to liquidate on his loans. This leads to panic in the market, as well as a decrease in the price of CRV (the average entry price of funds, including DWF LABS - $0.4). It is not yet clear how this story will end, but the market is nervous
Even funds and big players are not immune to such stories