Michael Egorov(@newmichwill) was liquidated ~140M $CRV($36.5M) today, but he did not seem to lose anything, as he had already cashed out and bought a mansion in April 2023.

The losers are CRV holders and investors who bought $CRV at $0.4 via OTC in August 2023.

Michael Egorov transferred the USDT borrowed by depositing $CRV to Bitfinex from Apr 10 to Apr 14, 2023, with a total of 31M $USDT, which was probably cashing out.

You can check our previous post to find out where his borrowed stablecoins went.

https://x.com/lookonchain/status/1668160805106520064

A month later, news broke that he spent $41 million to buy a mansion.

https://www.afr.com/property/residential/crypto-heavyweight-creates-a-59-25m-melbourne-compound-20230525-p5db5x

Since Michael Egorov borrowed too many stablecoins with CRV as collateral, he had to sell $CRV through OTC to repay the loan after #Curve was attacked on July 31, 2023.

He sold a total of 156.35 $CRV for $62.5M at a price of $0.4 through OTC.

https://x.com/lookonchain/status/1689809717839953920