Curve Finance founder Michael Egorov continues to dump CRV tokens, having sold over 39 million CRV on the heels of the $47 million protocol hack. Michael Egorov, the founder of Curve Finance, a decentralized exchange (DEX) for stablecoins and other low-volatility crypto assets, has sold 39.25 million CRV tokens worth $15.8 million via over-the-counter (OTC) deals […] The post Curve Finance Founder Dumps 39M CRV Following $47M Hack first appeared on The Crypto Basic.

Curve Finance Founder Dumps 39M CRV Following $47M Hack

Curve Finance founder Michael Egorov continues to dump CRV tokens, having sold over 39 million CRV on the heels of the $47 million protocol hack.

Michael Egorov, the founder of  Curve Finance , a decentralized exchange (DEX) for stablecoins and other low-volatility crypto assets, has sold 39.25 million CRV tokens worth $15.8 million via over-the-counter (OTC) deals to various buyers, according to Lookonchain, a blockchain surveillance resource.

Lookonchain revealed in a series of tweets that Egorov had sold CRV tokens to several industry leaders and entities in the crypto scene as he sought to reduce liquidation risks on the heels of the latest Curve Finance hack.

Of the 39.5 million CRV sold, Egorov has sold 4.25 million CRV to DCF GOD, 5 million CRV to Tron founder Justin Sun, 3.75 million CRV to Jeffrey Huang (Machi Big Brother), 2.5 million CRV to Cream Finance, and 2.5 million CRV to DWF Labs. 


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