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This Ethereum-Based DeFi Token Dropped 30% — What Happened?
Thursday, June 13, 2024 - 9:01am | 502In 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...
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Curve Finance Stability Under Threat Due To $100M Debt Load, Loan Backed By Tokens
Tuesday, August 1, 2023 - 4:33pm | 702Crypto research firm Delphi Digital raised concerns about the potential for a DeFi implosion triggered by the $100 million debt of Curve Finance (CRYPTO: CRV) founder, Michael Egorov. In a series of tweets, the research firm stated that Egorov has a massive loan backed by approximately 427.5...
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Tron Founder Justin Sun Makes Big Bet On Curve Finance, Purchases $2.9M Worth Of CRV
Tuesday, August 1, 2023 - 11:17am | 445Justin Sun, the founder of TRON (CRYPTO: TRX), has purchased approximately $2.9 million worth of Curve (CRYPTO: CRV) tokens from Michael Egorov, the founder of Curve Finance. The transaction was confirmed through a series of tweets and etherscan links shared by PeckShield and Lookonchain....
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Major DeFi Move: Curve Finance Creator Bolsters Position With $24M Collateral Deposit Into Aave
Monday, June 12, 2023 - 12:43pm | 426An intriguing move was made by a wallet believed to be owned by Michael Egorov, the creator of Curve Finance, with the wallet deposited an eye-popping 38 million Curve DAO (CRYPTO: CRV) tokens, valued at around $24 million, into Aave (CRYPTO: AAVE), a decentralized lending platform. On-chain...
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Mega Mansions Bought With Bitcoin: How Crypto Barons Are Reshaping Real Estate
Sunday, May 28, 2023 - 12:47pm | 402Crypto magnate Michael Egorov's partner, Anna Egorova, made a headline-grabbing acquisition of a luxurious $41 million estate, Avon Court, in Melbourne. The deal currently ranks as the priciest real estate transaction in Victoria this year, according to the Australian Financial Review...