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Blockchain Energy Credits ✌️【Value Investing】✌️With ₹500, your journey to 100% returns per month starts now! Invest and grow!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.
Blockchain Energy Credits ✌️【Value Investing】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!Size of my positions was too large for markets to handle and caused 10M of bad debt.
Blockchain Energy Credits ✌️【Value Investing】✌️With ₹500, your journey to 100% returns per month starts now! Invest and grow!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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