๐ข Curve CEO, Michael Egorov, clears the air about the recent UwU Lend hack. No, it wasn't Curve's fault! ๐ The crafty hacker deposited stolen CRVs into LlamaLend and vanished, leaving a debt trail. Egorov advises UwU to tighten their security belts to avoid future exploits.
And about that rumor of a 10% CRV token burn? Fake news! ๐ซ A mischievous impersonator account had a field day, fooling a few journalists along the way.
Egorov also confirmed the $10M bad debt from the UwU exploit has been fully repaid. Phew!
As for future liquidation risks, Egorov suggests open-source liquidation bots and community education. Thoughts? Comment below! ๐ #CryptoNews #CurveFinance #UwULendHack