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    <p><a rel="dofollow" title="Curve" href="https://thebittimes.com/tag/curve.html">Curve</a> founder <a rel="dofollow" title="Michael Egorov" href="https://thebittimes.com/tag/michael-egorov.html">Michael Egorov</a> has had to sell a large quantity of <a rel="dofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a> tokens to a variety of investors, including Justin Sun, to help avoid the liquidation of a large position he held on Aave.&nbsp;</p> 
    <p>According to PeckShield, one of those who purchased the CRV tokens transferred them to Binance for several hours before returning them to the wallet. This is despite the tokens supposedly having to remain locked up for six months.</p> 
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      <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
       <p lang="en" dir="ltr">#PeckShieldAlert $CRV has tanked below $0.4. <br>Michs #OTC counterparty, address 0xb0b8, who received 2.5M $CRV ~43 days ago (supposedly locked for 6 months), has now transferred 609K $CRV to #Binance pic.twitter.com/mJ2HOIbpMY</p>— PeckShieldAlert (@PeckShieldAlert) September 13, 2023
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    <p><em>Read more: <a rel="dofollow" title="Curve" href="https://thebittimes.com/tag/curve.html">Curve</a> hacker not in the clear despite returning $50M of stolen funds</em></p> 
    <p>These over-the-counter (OTC) deals were conducted at $0.40, with the on-chain movements briefly sending the price down to $0.39. This left those investors briefly in the red, however, i<strong>ts price has since rebounded to between $0.40 and $0.41</strong>.&nbsp;</p> 
    <p>The current Aave health ratio for Egorov appears to be 1.7, with roughly $10 million in USDT borrowed against approximately $38 million in <a rel="dofollow" title="CRV" href="https://thebittimes.com/tag/crv.html">CRV</a>.&nbsp;</p> 
    <p>The price of CRV has been suffering since several pools suffered hacks as a result of a reentrancy vulnerability related to an older version of the Vyper language.&nbsp;</p> 
    <p>Egorov and his wife purchased two large mansions in Australia earlier this year, valued at approximately AU$59 million, shortly after they borrowed approximately <strong>$100 million in stablecoins from Aave</strong>.</p> 
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/what-s-happened-with-michael-egorov-s-crv-tbt62649.html">https://thebittimes.com/what-s-happened-with-michael-egorov-s-crv-tbt62649.html</a></p>

What's happened with Michael Egorov's CRV?

TheBitTimes

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