The founder of Curve Finance, Michael Egorov, received assistance from a number of DeFi figures when his DeFi loan positions were at risk following an attack on decentralized exchange Curve.
Several DeFi Figures Buys CRV Token From Curve Founder
The founder of Curve Finance, Michael Egorov, received assistance from a number of DeFi figures when his DeFi loan positions were at risk following an attack on decentralized exchange Curve.
According to the transaction history of his Ethereum wallet, Egorov's loan on Aave decreased from $63.3 million to $54.1 million after he deposited approximately 37 million CRV tokens, valued at about $22.2 million.
The Vyper programming language vulnerability that Curve Finance experienced earlier this week allowed hackers to steal $52 million worth of cryptocurrency assets, including 7.19 million CRV tokens worth $4.52 million.
Since then, a number of well-known DeFi figures, including the CEO of the Tron Foundation, Justin Sun, DCF God, and Jeffrey Huang, also known as Machi Big Brother, have intervened and purchased CRV directly from Egorov.
All told, including the transactions made by those named, Ergorov sold about 50 million CRV for $0.4 each, making close to $20 million. It is speculated that the tokens are subjected to a six-month lockup.
