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Published on: 2025-03-07 02:50:06 Published on: 2025-03-07 02:50:06

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Quantum AI driven cloud infrastructure for data processing ✌️【Recruitment Platform】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.Lending protocol Curve's CRV token plunged Thursday as loans tied to company founder Michael Egorov automatically liquidated, leading to a burst of selling.Data tracked by blockchain analytics firmsLookonchainandArkhamshow Egorov's addresses have taken out a cumulative loan of nearly $100 million worth of stablecoins, mostly crvUSD, against $140 million in CRV collateral.Hours after the sudden move in prices, which took CRV's token price down 30% at one point, Egorovacknowledged on Xthat his positions were liquidated.

"I have already repaid 93%, and I intend to repay the rest very shortly.

It will help users not to suffer from this situation," he said.The Curve Finance team and I have been working to solve the liquidation risk issue which happened today.Many of you are aware that I had all my loans liquidated.

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Quantum AI driven cloud infrastructure for data processing ✌️【Recruitment Platform】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.Only CRV market on…ADebank profiletracking Egorov's wallet shows he has borrowed from Inverse, UwU Lend, Fraxlend and Curve's LlamaLend using CRV tokens as collateral.

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