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Coin Edition 2024-06-13 10:31:31

Founder’s Borrowing Sparks Liquidation Crisis for Curve Finance

Curve Finance’s CRV token has plunged in value after a series of liquidations tied to founder Michael Egorov’s substantial borrowing against the token. Pointed out by WuBlockchain in an X post, Curve Finance founder Michael Egorov “borrowed $95.7 million in stablecoins (mainly crvUSD) through five accounts in five protocols, collateralized by $141 million worth of The post Founder’s Borrowing Sparks Liquidation Crisis for Curve Finance appeared first on Coin Edition .

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