Previously, Xu Jiayin cashed out 50 billion by purchasing overseas loans and left the market. Now, Michael, the founder of Curve in our industry, is suspected of cashing out through mortgage loan liquidation. Today, let's dig deep into the liquidation of Curve and see Michael's tricks. On the evening of June 13, the loan positions of Curve founder Michael, worth nearly 140 million US dollars, were all liquidated, causing the token CRV to fall sharply, down 40%. Michael's performance during the liquidation process was surprising. He did not do anything and was even indifferent. But on the day of the liquidation on June 13, Michael was still joking with users that he was in good spirits. QQ +2763827485

You should know that the founder of CURVE has been liquidated more than once or twice. He was liquidated in November 22 and July 23. During these two liquidation crises, he kept adding positions, adding 36 million CRVs, and sold 159.4 million CRVs through OTC transactions to save his positions

You said that you returned the positions quickly in the first two liquidations, so how could you be so calm when facing the liquidation of 140 million US dollars with Michael this time?

He neither actively sold CRV to repay the loan nor transferred the previously lent stablecoins back to compensate, which is very strange. In the face of this abnormal community, questioned whether this was Michael's long-planned cash-out?

Moreover, the detectives in the community also gave reasons that if the CRV of 140 million US dollars is directly thrown into the secondary market for cash, the current customer liquidity will lead to a sharp drop.

This sharp drop will cause the total loss to be more than 30%, and the founder will also be accused of selling coins. However, this time the founder's operation is different. He was liquidated, his CRv was borrowed, and his position was liquidated. It was passive. With this passive liquidation, Michael directly obtained 100 million US dollars of stable coins, and the community people will not scold him. His funds were not sold by himself, but were liquidated. Then, these detectives' analysis is very reasonable, but whether this incident is intentional or unintentional, the liquidation of 140 million US dollars has caused significant losses to investment institutions and users.

Again, I don't know what to do in the bull market. Click on my avatar, follow, and more information on the homepage, bull market spot planning, contract password, free sharing.