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Crowdfunding Campaign Promotion ✌️【Flexible Work】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!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.

Crowdfunding Campaign Promotion ✌️【Flexible Work】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.Size of my positions was too large for markets to handle and caused 10M of bad debt.

Crowdfunding Campaign Promotion ✌️【Flexible Work】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!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.

Crowdfunding Campaign Promotion ✌️【Flexible Work】✌️Start saving with ₹500 and achieve up to 100% monthly returns. Grow your money smartly!Total holdings across tracked wallets are down 50% in the past 24 hours.Wallet transactions show Egorov actively taking steps to mitigate risks.Crowdfunding Campaign Promotion Invest Smart, Earn Big: Start with ₹500