[Breaking News] On June 13, Beijing time, the $140 million CRV loan position held by Curve founder Michael Egorov has begun to be liquidated. As the CRV price plummeted, the short-term maximum drop exceeded 30%. In July last year, the founder of Curve also encountered a liquidation crisis, but because it was caused by a hacker attack, the crypto market launched a plan to assist Curve, but it seemed that it failed to change the fate of Curve and its founder being liquidated. According to Lookonchain monitoring, Egorov is being liquidated. He holds 111.87 million CRV (US$33.87 million) in collateral and US$20.6 million in debt on four platforms. In addition, due to the decline in CRV prices, an investor was liquidated for 10.58 million CRV (US$3.3 million) on Fraxlend. At present, the position on Egorov's main address shows that the number of CRV is about 2.22 million, and the total value of the wallet is about US$1.04 million.