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<p class="is-style-lead">Following a recent exploit on the decentralized exchange, Curve Finance founder Michael Egorov managed to find an answer to his loan dilemma.</p> 
<p>Thanks to support from a group of backers, including Justin Sun, the principal value of Egorov’s loan on Aave (<a href="https://crypto.news/price/aave/" rel="noopener noreferrer nofollow">AAVE</a>) decreased from $63.3 million to $54.1 million.</p> 
<h2 class="wp-block-heading" id="providing-support-to-the-fallen">Providing support to the fallen&nbsp;</h2> 
<p>On July 30, Curve Finance <a href="https://crypto.news/curve-finance-exploit-triggers-massive-mev-rewards/" rel="noopener noreferrer nofollow">faced</a> a vulnerability linked to the Vyper programming language, resulting in an exploit that led hackers to seize approximately $52 million in crypto assets. The attack included 7.19 million CRV tokens valued at $4.52 million, causing a sharp decline in the CRV price to two-month lows of $0.59, increasing the risk of liquidation for Michael Egorov’s loans.</p> 
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   <p lang="en" dir="ltr">Excited to assist Curve! As steadfast partners, we remain committed to providing support whenever needed. Our joint efforts will introduce an <a href="https://twitter.com/stusdt?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@stusdt</a> pool on Curve, amplifying user benefits. Together, we aim to empower the community and forge a decentralized finance!</p>— H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1686308662363697152?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 1, 2023</a> 
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<p>The plummeting CRV price posed a significant threat to Egorov’s collateralized loans, which amounted to over $100 million against 460M CRV tokens (or 47% of the total supply), with potential liquidation if the price hit $0.372. However, notable figures from the defi space, such as Justin Sun, CEO of Tron Foundation, have stepped in, even announcing a partnership between TRON and CRV on stUSDT.</p> 
<p> You might also like: <a href="https://crypto.news/curve-finance-exploit-triggers-massive-mev-rewards/" rel="noopener noreferrer nofollow"> Curve Finance exploit triggers massive MEV rewards </a> </p> 
<p>However, Justin Sun is not the only investor stepping in. Blockchain data <a href="https://twitter.com/lookonchain/status/1686291199517437953?s=20" target="_blank" rel="noopener noreferrer nofollow">shows</a> that DCF God, a prominent defi user, and Jeffrey Huang, aka Machi Big Brother, have also come forward to assist Egorov by purchasing CRV tokens from him.</p> 
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   <p lang="en" dir="ltr">The founder of <a href="https://twitter.com/hashtag/Curvefi?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Curvefi</a> sold 5M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$CRV</a> to Justin Sun at an average price of $0.4 via OTC.<a href="https://t.co/WM1nW8JKwU" target="_blank" rel="noopener noreferrer nofollow">https://t.co/WM1nW8JKwU</a> <a href="https://t.co/2smWxRbqHp" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/2smWxRbqHp</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1686291199517437953?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 1, 2023</a> 
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<p> Read more: <a href="https://crypto.news/crypto-traders-considering-tradecurve-interest-in-bnb-and-xrp-declining/" rel="noopener noreferrer nofollow"> Crypto traders considering Tradecurve, interest in BNB and XRP declining </a> </p>

Justin Sun, other crypto investors buy CRV token in attempt to help Curve Finance

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