Curve Finance Hack Suspect Initially Identified
The address of Twitter user Michael Razoumovitch (@MichaelRazum) was identified as having an on-chain link to the recent Curve Finance mining.
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The address of Twitter user Michael Razoumovitch (@MichaelRazum) was identified as having an on-chain link to the recent Curve Finance mining.
The founder of Curve Finance, Michael Egorov, received assistance from a number of DeFi figures when his DeFi loan positions were at risk following an attack on decentralized exchange Curve.
Following a recent exploit on the decentralized exchange, Curve Finance founder Michael Egorov managed to find an answer to his loan dilemma.
Following the recent exploit of Curve Finance pools, there have been genuine concerns about the stability of the decentralized exchange and the Decentralized Finance (DeFi) ecosystem. A new report has emerged, raising questions about Curve founder Michael Egorov's $100 million loan positions.
Curve Finance founder Michael Egorov has bought himself some breathing space after some backers, including Tron founder Justin Sun, stepped in to help after the decentralized protocol suffered a $47 million hack over the weekend.
CRV was up more than 5% after Tron blockchain founder Justin Sun purchased more than $2 million of the token. ETH, SOL remained in slightly negative territory despite climbing in recent hours.
To save his DeFi loan positions and prevent a possible liquidation cascade, Curve founder Michael Egorov has turned to some notable sources of liquidity.
Crypto research firm Delphi Digital raised concerns about the potential for a DeFi implosion triggered by the $100 million debt of Curve Finance (CRYPTO: CRV) founder, Michael Egorov. In a series of tweets, the research firm stated that Egorov has a massive loan backed by approximately 427.5 million CRV tokens, which is about 47% of the entire circulating supply of CRV.
Curve Finance faces challenges after a recent hack, with a bid-side liquidity surge providing hope, while CEO's $168M debt poses risks. Uncertain times ahead.
A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains.
The cryptocurrency world is no stranger to surprises and challenges, and the latest developments involving Michael Egorov, the founder of Curve Finance, have sent shockwaves through the DeFi market. As the potential liquidation of his $100 million CRV loan looms large, traders and investors are bracing for potential bearish implications.
Curve Finance, one of the biggest decentralized exchanges in crypto, is experiencing a massive flight of capital as the platform recovers from an exploit. Early on Sunday, Curve said that because of a vulnerability with programming language Vyper 0.2.
They're responding to the potential systemic risk posed by Michael Egorov's teetering financial position.
The founder of Tron, Justin Sun, has established a strategic partnership with the decentralized finance protocol Curve Finance. This partnership will introduce a stUSDT pool on Curve, marking a significant milestone for both parties.
The attack and woes of popular decentralized finance (DeFi) protocol Curve Finance have far-ranging negative implications, affecting more blockchains in the Web3.0 ecosystem. Ethereum is a leading victim of this hack as the Layer 1 network has seen a major plunge of about 8% in its total value locked (TVL) in the few days since the Curve attack went mainstream.
"The Hash" tackles today's biggest topics shaping crypto today, including Tron founder Justin Sun stepping in to help Curve Finance after an exploit over the weekend. Crypto sleuths are looking into whether Sam Bankman-Fried's Alameda Research and BALD's deployer wallet have any possible connections.
The spot CVD saw a bounce on 31 July when CRV buyers tried to defend the $0.61 level, but the metric took a nosedive when the buyers failed, showing bearish sentiment prevailed.
Justin Sun, the founder of TRON (CRYPTO: TRX), has purchased approximately $2.9 million worth of Curve (CRYPTO: CRV) tokens from Michael Egorov, the founder of Curve Finance. The transaction was confirmed through a series of tweets and etherscan links shared by PeckShield and Lookonchain.
It seems that Justin Sun is getting involved to support Curve Finance, a DeFi protocol on Ethereum, following a serious hack on Sunday. But there are questions about whether he is merely buying tokens or providing further assistance.
After selling CRV to a host of eager buyers, the Curve founder has repaid $9.2 million in Aave loans. But risks still abound.
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.
Egorov has deployed a new Curve pool for FraxLend's CRV/FRAX market with massive rewards to alleviate his debt.
With the price of CRV nearing liquidation levels on Aave and other DeFi protocols, concerns are growing over a potential black swan event.
Legendary cryptocurrency entrepreneur and investor Justin Sun, founder of Tron (TRX) and CEO of BitTorrent (BTT), is one of those who decided to "buy the dip" and benefit from the painful plunge of the Curve Finance (CRV) price.