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Use AI to improve content mar ✌️【Part-Time Recruitment】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!Curve founder Michael Egorov was liquidated for 918.83K CRV ($882,000) after CRV fell by more than 12% over the past 24-hours.The head honcho of the decentralized finance (DeFi) lending platform suffered a series of mammoth liquidations earlier in 2024 after taking out loans to purchase CRV and bolster the price.

$140 million in total wasliquidated in June."Many of you are aware that I had all my loans liquidated.

Use AI to improve content mar ✌️【Part-Time Recruitment】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!Size of my positions was too large for markets to handle and caused 10M of bad debt," Egorov wrote at the time.The most recent of those purchases was worth $1.2 million on Dec.

17, at which point CRV was at trading at $1.11 before it tumbled to around $0.91 on Thursday.Egorov took to X following Thursday's liquidation, stating that the liquidated CRV was tied to the uWu hack in June and that the liquidation was simply a "receipt of Sifu's [uWu's founder] promise to repay the hacked funds."This didn't prevent further selling, however, as CRV significantly underperformed against the CoinDesk 20 Index, which is down by 4.81% at the time of writing against CRV's decline of 12%.Total value locked (TVL) on the Curve platform isdown from $3.5 billionon Dec.

16 to $3.25 billion on Thursday, although much of that can be attributed to dwindling asset prices.Oliver Knight is the co-leader of CoinDesk data tokens and data team.

Use AI to improve content mar ✌️【Part-Time Recruitment】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet.

He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK.

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