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 <h2 id="curve-founder-expedite-to-pay-off-debt">Curve Founder Expedite To Pay Off Debt</h2> 
 <p><a rel="noopener noreferrer nofollow" title="Curve Finance" href="https://thebittimes.com/tag/curve-finance.html">Curve Finance</a> founder Michael Egorov is almost halfway to paying off his $80 million debt through OTC sales of <a rel="noopener noreferrer nofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a> tokens.</p>  
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 <p>According to a post by on-chain data analyst Ember on August 5, Curve Finance founder Michael Egorov sold 8 million CRV to 5 investors again in the past few hours. Since the sale of CRV through OTC began on August 1, Curve founder has sold 114.025 million CRV to 24 investors and institutions in exchange for $45.61 million in funds.</p> 
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  <img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20767%20650'%3E%3C/svg%3E" alt="Curve CRV" width="767" height="650" data-lazy-src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F2uhRBwb0AAQ70t?format=jpg&amp;name=large"> 
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   <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F2uhRBwb0AAQ70t?format=jpg&amp;name=large" alt="Curve CRV" width="767" height="650"> 
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  <figcaption class="wp-caption-text">
    Source: EmberCN 
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 <p>Investors and institutions including Wintermute Trading, DWF Labs, Tron founder Justin Sun, yearn.finance, and Cream Finance have purchased <a rel="noopener noreferrer nofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a> tokens in OTC from Michael Egorov. It helps him pay off some of his borrowing from Aave, Abracadabra, FraxLend, and Inverse Finance, as per DeBank data.</p> 
 <p>Michael Egorov is under liquidation pressure if <a rel="noopener noreferrer nofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a> price hits $0.368. It will cause DeFi platforms such as Aave to sell <a rel="noopener noreferrer nofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a> collaterals, which could trigger contagion and potentially a DeFi crash.</p>  
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 <p><strong>Also Read: Valkyrie Converts Filing To Bitcoin and Ethereum ETF: Bloomberg Analyst</strong></p> 
 <h2 id="curve-finance-hackers-returning-funds">Curve Finance Hackers Returning Funds</h2>  
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 <p><a rel="noopener noreferrer nofollow" title="Curve Finance" href="https://thebittimes.com/tag/curve-finance.html">Curve Finance</a> hackers exploited multiple pools, taking away $61 million in crypto assets. However, hackers have started returning funds after DeFi protocols including Curve announces a 10% bounty for returning funds in exchange for no prosecution.</p> 
 <p>“I saw some ridiculous views, so i want to clarify that I’m refunding you not because you can find me, it’s because I don’t want to ruin your project, maybe it’s a lot of money for a lot of people, but not for me, I’m smarter than all of you,” the hacker said in an on-chain message.</p> 
 <p>CRV price jumps 10% in the past 24 hours, with the price currently trading at $0.62. The 24-hour low and high are $0.571 and $0.628, respectively.</p> 
 <p><strong>Also Read: Elon Musk Says X Will Never Launch A Crypto Token, Bullish For Dogecoin?</strong></p> 
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DeFi Crash Avoided: CRV Price Soars 10% As Curve Founder Pays Debt And Hacker Returns Funds

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