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CDS Crypto News Curve Finance Founder Egorov Doubtful About Selling 12.5 Million CRVs Again

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Curve Finance Founder Egorov Doubtful About Selling 12.5 Million CRVs Again

Curve Finance founder Egorov sold CRV tokens again.

lectertodd10/08/20231 Mins read792

Curve Finance Founder Egorov Doubtful About Selling 12.5 Million Crvs Again

Curve Finance’s founder Michael Egorov has drawn attention once more by transferring money despite the company’s continuous difficulties.

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Curve Finance Founder Egorov Doubtful About Selling 12.5 Million CRVs Again

Egorov sent nearly 12.5 million CRV, or roughly $7.64 million USD, to an address starting with “0xd1c5” at 7:12 UTC on August 10, according to recent on-chain data. For a total of 269.8 million tokens worth $166 million prior to this, Egorov leveraged a sizeable portion of CRV.

Despite this, Egorov is still carrying a $48.7 million debt load across numerous platforms. However, when he negotiates the challenges of financial recovery, his perseverance truly shows. Through OTC CRV token sales, Egorov has almost paid off his $80 million debt.

Hacker Given Bug Bounty for Stolen Funds

In an unusual response to the attack, Curve Finance and other impacted protocols gave the hacker responsible a 10% bug bounty worth $6 million. Surprisingly, the hacker consented, giving Alchemix and JPEGd their stolen assets back.

Sources:coincu

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lectertodd

Lectertodd is 28 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.