PANews reported on June 13 that Curve founder Michael Egorov said on the X platform: "The Curve Finance team and I have been working hard to resolve the liquidation risk that occurred today. As you all know, all my loans were liquidated. My position was too large and the market could not bear it, resulting in $10 million in bad debts. Only Curve Finance's CRV market (with the largest position) was affected. I have repaid 93% of the bad debts and intend to repay the rest soon. This will help users protect against this situation."
