Curve founder Michael Egorov has fully repaid the $10 million in bad debt that arose from soft liquidations triggered by a hacking attempt on June 13. The incident caused a 28% drop in Curve's token, CRV. Egorov proposed burning 10% of CRV tokens, worth $37 million, to stabilize the token's price and offered increased APY to incentivize voters. Despite the crisis, Egorov praised the performance of LLAMMA's soft liquidation mechanism, which gradually liquidates a borrower's funds and closes out the loan when the borrower's health hits 0%.