@d12321 1 August 2023

Curve Finance on the brink of collapse 🤔 The creator of Curve Finance, Mikhail Egorov, is selling CRV tokens on the OTC (over-the-counter) market at $0.4 to Justin Sun and others at a real exchange rate of $0.6. The current amount of transactions is $11.7 million. Egorov does this to avoid being declared bankrupt on $100 million in personal debt he secured with CRV tokens. The scheme is excellent, as the founder of the project, he actually received CRV tokens for free, took $100 million for them through various DeFi loans and bought himself a very real mansion in Australia for $40 million. But after the Curve Finance hack on July 30 for $47 million, the CRV token exchange rate in moment fell by 34% and this put Egorov's DeFi loans on the brink of liquidation. Current actions indicate that Mikhail Egorov is looking for ways to avoid liquidation on personal debts, which has a positive effect on the CRV rate. I wonder what Justin Sun will do: save Curve Finance or make money on the difference in buying between the market price and OTC 😇