News/Curve Founder Sold 142.6M $CRV via OTC, with Another 269.8M Still in Collateral

Curve Founder Sold 142.6M $CRV via OTC, with Another 269.8M Still in Collateral

Aug 06,2023,23:01

According to Lookonchain, Curve founder Michael Egorov has sold around 142.6 million $CRV to institutional or individual investors via OTC at a price of $0.4 per token. He received around $57 million to repay his debt. Justin Sun, Wintermute, DWF Labs, Du Jun, Yearn were among the buyers.

Currently, Egorov still has $48.7 million in debt on four lending protocols, Aave, Fraxlend, Inverse and Silo, with 269.8 million $CRV in collateral.

Previously, JPEG'd and Alchemix, which were impacted by the Curve exploit, announced respectively that their stolen funds had been recovered.

To learn more about the Curve exploit, please read: Curve Crisis

 

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