Dogecoin

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 <p>Curve Finance, a leading decentralized exchange known for its liquidity and cost efficiency, has found itself grappling with significant challenges in the aftermath of a major exploit. On July 30, the exchange suffered an exploit amounting to more than $47 million, attributed to a Vyper reentrancy lock malfunction. </p> 
 <p>Following the exploit, the token’s price experienced a sharp decline, dropping by almost 20% since the attack. Recent reports have surfaced, indicating that Michael Egorov, the founder of the exchange Curve Finance, has allegedly taken loans secured by approximately 47% of the total circulating CRV.</p> 
 <p><strong>Also read:&nbsp;BALD Faces Rug Pull Fears as Developer Withdraws Liquidity</strong></p> 
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 <p>However, amidst the troubled situations, Egorov received notable support from prominent players in the cryptocurrency industry.</p> 
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    <p lang="en" dir="ltr">The founder of #Curvefi sold 5M $CRV to Justin Sun at an average price of $0.4 via OTC.https://t.co/WM1nW8JKwU pic.twitter.com/2smWxRbqHp</p>— Lookonchain (@lookonchain) August 1, 2023 
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 <h2 class="wp-block-heading" id="h-justin-sun-dcf-god-and-others-come-to-curve-finance-s-rescue">Justin Sun, DCF God, and others come to Curve Finance’s rescue</h2> 
 <p>The founder of the Tron blockchain, <a rel="noopener noreferrer nofollow" title="Justin Sun" href="https://thebittimes.com/tag/justin-sun.html">Justin Sun</a>, has demonstrated his support for <a rel="noopener noreferrer nofollow" title="Curve Finance" href="https://thebittimes.com/tag/curve-finance.html">Curve Finance</a>. He is acquiring a significant number of <a rel="noopener noreferrer nofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a> tokens. According to on-chain analyst Lookonchain, Sun completed the purchase of nearly 5 million <a rel="noopener noreferrer nofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a> tokens from a wallet labeled “Curve.fi Founder” through an over-the-counter transaction. The acquisition was carried out at an average price of $0.4 per token, amounting to just over $2.3 million.</p> 
 <p><strong>Also read: Dogecoin Co-founder Questions FTX’s Move Beyond USA</strong></p> 
 <p>Joining Sun in expressing confidence in <a rel="noopener noreferrer nofollow" title="Curve Finance" href="https://thebittimes.com/tag/curve-finance.html">Curve Finance</a>, several other prominent entities have also made notable <a rel="noopener noreferrer nofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a> token purchases. Machi Big Brother acquired 3.75 million <a rel="noopener noreferrer nofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a> tokens, while DWF Labs and Cream.Finance obtained 2.5 million <a rel="noopener noreferrer nofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a> tokens each.</p> 
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  <li>CRV</li> 
  <li>Curve Finance</li> 
  <li>Justin Sun</li> 
 </ul> 
</div>

Curve Founder's CRV Gets Attention from Justin Sun and DCF God

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TheBitTimes

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