Curve DAO Token ($CRV ) is facing significant market pressure following a recent liquidation event. According to PeckShieldAlert , an address labeled Michael Egorov was liquidated for 918.83k CRV, valued at $882.66k.
However, this liquidation is unusual as the CRV backing the position was stolen during the uwu hack in June. As such, these tokens are not genuine CRV, but instead are “a receipt for Sifu’s promise to return the hacked funds.” Despite this, the market continues to price in the future potential of CRV.$NEIRO $BNB #2023withBinance