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Published on: 2025-03-07 11:23:33 Published on: 2025-03-07 11:23:33

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Passive income investment projects ✌️【Resume】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!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.

Passive income investment projects ✌️【Resume】✌️Smart investing made easy. Start with ₹500 and enjoy up to 100% returns monthly!Size of my positions was too large for markets to handle and caused 10M of bad debt.

Passive income investment projects ✌️【Resume】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!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.

Passive income investment projects ✌️【Resume】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!Total holdings across tracked wallets are down 50% in the past 24 hours.Wallet transactions show Egorov actively taking steps to mitigate risks.Passive income investment projects ✌️【Resume】✌️Get high returns with just ₹500. Invest today and see your wealth grow!

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