BSC News - Curve Finance Founder's $100M Debt: DeFi Dump Incoming?

in blockchain •  last year 

https://www.bsc.news/post/curve-finance-founders-100m-debt-defi-dump-incoming
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Curve Finance founder Michael Egorov is facing a dire financial situation with approximately $100 million in debt, backed by 47% of the circulating CRV supply, following a $47 million hack.

The DeFi community is concerned about potential liquidations and risks of a black swan event.

Egorov has made efforts to reduce the debt burden by paying off some of the debt and attracting liquidity to a Curve pool, but there are still concerns about the potential fallout and the impact on the wider DeFi ecosystem.

Are you a user of Curve Finance too?

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blockchain horror dump curve finance founder debt defi
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    Upvoted! Thank you for supporting witness @jswit.

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