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Tax Deferred Savings ✌️【Working Hours】✌️Start today with ₹500 and start seeing rapid monthly profits. Your wealth journey begins here!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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