š± Curve Finance Founder Liquidated for $140M in CRV
Curve Finance founder Michael Egorov got liquidated of his onchain loan positions after a decline in CurveDAO's (CRV) token, which he used as collateral.
Egorov was liquidated for $140 million in CRV, as he had borrowed $100 million of stablecoins from Inverse, UwU Lend, Fraxlend, and Curve's LlamaLend.
CRV's price fell 30%, trading below $0.25, more than Arkham Intelligence's warning that a 10% drop in CRV's value would trigger Egorov's liquidation.
