Curve Finance CEO And Founder Sold His CRV Holding At Discount Price To Investors To Prevent His Sinking DeFi Loans From Liquidation

Curve Finance was exploited on July 30, 2023. It made CRV price went from $0.80 to $0.60, the value of his collaterals are sinking and risk liquidation. Therefore, he sold his CRV to many investors to reduce the risk of liquidation.

Egorov sold CRV at the discount price about $0.40 per CRV. TheBlock reported that he sold

5 million CRV to Tron founder Justin Sun

4.25 million CRV to a crypto trader DCFGod.

3.75 million CRV to NFT owner Jeffrey Huang, also known as Machi Big Brother

2.5 million CRV to crypto investors DWF Labs

2.5 million CRV to Cream Financem a DeFi project.

Information from Lookonchain show that Egorov sold a total of 39.25 million CRV for $15.8 million.

Egorov has paid off more than $17 million in stablecoin loans that help boost the health of his DeFi loans.