Executive Summary: Curve Exploit: Curve Founder Michael Egorov’s Loan Positions At Risk?
Summary: Curve Finance founder Michael Egorov's CRV-collateralized loans are at risk of liquidation, following the exploit on certain Curve Finance liquidity pools on Sunday.
- Egorov has taken out $110M in stablecoin loans against 460M CRV tokens, representing 47% of the total supply.
- A drop in the price of CRV could lead to a liquidation of Egorov’s position and kickstart a liquidation cascade.
- Egorov has taken steps to try and reduce the liquidation risks facing his loans, but lenders remain skeptical and pull funds quickly.
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Curve Exploit: Curve Founder Michael Egorov’s Loan Positions At Risk? | CoinMarketCap
Following the exploit on certain Curve Finance liquidity pools on Sunday, Curve founder Michael Egorov’s CRV-collateralized loans are potentially at risk of being liquidated.
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