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The Curve Finance chief outlined plans to repay his loans but faced criticism for allegedly knowingly putting the ecosystem at risk.

Curve founder Michael Egorov's $100 million in loans taken from various protocols using Curve's CRV tokens started to automatically liquidate on Thursday, sending the token down as much as 30% before it briefly recovered.

The founder of Curve Finance saw large positions with collateral in CRV liquidated on the crypto and DeFi protocol Llamalend.

Michael Egorov, the founder of decentralized finance (DeFi) protocol Curve Finance, has announced that he has repaid 93% of a $10 million debt incurred.

A sudden and dramatic crash in the value of Curve Finance's native token, CRV, has resulted in substantial losses for bullish investors and the platform's founder, Michael Egorov. Blockchain analysis platform Arkham reported that Egorov faced liquidations totaling $140 million in CRV.

Curve DAO's native token, CRV, earlier today experienced a tumultuous period marked by significant liquidations and a steep price drop. This crisis was primarily driven by the heavy borrowing and subsequent liquidation of positions held by Michael Egorov, the founder of Curve Finance.

Curve Finance is addressing a recent liquidation crisis that severely impacted its CRV token market. After the liquidation of large loans, the founder of the platform, Michael Egorov, has suggested to burn 10% of the total CRV supply.

Curve DAO's founder has found himself in a position he has been in before, but can he ride it out once again?

The DeFi protocol's native token plunged by 28% in a single day due to liquidations stemming from a hack attempt.

CRV token value drop led to extensive liquidation of Michael Egorov's lending positions.

The price of Curve DAO token ($CRV), a key player in the decentralized finance (DeFi) space, plummeted by 20% after leveraged positions said to be held by the protocol's founder, Michael Egorov, started being liquidated, leading to significant selling pressure. According to blockchain analytics firm Arkham Intlligence, Egoov's addresses have borrowed $95.

The price of Curve DAO (CRV) has plummeted nearly 30%, causing widespread bearish sentiment in the crypto market.

TL;DR Curve Finance's Resilience: Despite successfully thwarting a hacking attempt, Curve Finance's native token, CRV, experienced a 20% drop in value, with further stress due to a $20 million hack of the UwU lending protocol.

In the background of the broader crypto market's recent waning price action, marked by a 0.24% slip in the global market cap, a whale has accumulated noteworthy amounts of five cryptos from CEXs OKX & Binance, piquing investor attention globally. The accumulations, encompassing Ethereum (ETH), Shiba Inu (SHIB), Curve (CRV), Uniswap (UNI), and PancakeSwap (CAKE)

In the early hours of Asian trading, Curve's (CRYPTO: CRV) token experienced a 30% drop, spurred by the automatic liquidation of some loan positions linked to the protocol's founder, Michael Egorov. What Happened: This liquidation triggered a wave of selling activity, significantly impacting the token's market value, Coindesk reported.

The latest price moves in bitcoin (BTC) and crypto markets in context for June 13, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

As of last night, Egorov was using $141 million worth of CRV tokens to secure a $95.7 million stablecoin loan.

Decentralized finance lending platform Curve Finance is on the rocks this morning as its founder is getting liquidating amid a token price crash.

The price of Curve DAO token (CRV) plummeted by nearly 30% as Curve Finance founder Michael Egorov faced liquidation on his on-chain loan positions

In an unprecedented turn of events, the Curve DAO (CRV) price recently crashed almost 30%, setting off bearish waves across the crypto industry. The token plummeted from a soaring $0.35 price level to a slumping low of $0.27 as massive liquidations triggered a domino of bearish events.

Michael Egorov, founder of Curve Finance, faced liquidation earlier today after the CRV token plummeted to an all-time low of $0.219. $27 million liquidated On-chain analyst EmberCN reported that Egorov's lending positions were largely liquidated, totaling around 100 million CRV, valued at $27 million.

Addresses tied to Curve founder Michael Egorov are borrowing nearly $100 million in various stablecoins against $140 million in curve tokens.

For now, the exact reasons behind the whale's actions can not be placed. However, speculations are that it could be a fire sale triggered by concerns over Egorov's liquidation and its potential impact on the CRV ecosystem.

Curve Finance's LLAMMA successfully handled liquidation during a hack attempt, but CRV token fell by 28%, sparking concerns in the DeFi community.