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Ethereum World News 2023-08-01 14:07:49

Ethereum DeFi TVL Down $3.55B Since Curve Crisis

Curve founder Michael Egorov has sold over 39 million CRV to investors and entities in over-the-counter deals. Egorov received $15 million in USDT so far for selling CRV at a discounted price of $0.40, per DeFi analysts LookOnChain. Sources said the OTC deals include 3-6 month lock-up terms with the buyers like Tron founder Justin Sun and market maker DWF Labs. Total value locked on Ethereum dipped by a few billion following exploits on factory pools provided by Curve Finance

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