🔗 **Curve Founder Faces Major Liquidation Amid CRV Price Drop**

Michael Egorov, founder of Curve, a DeFi lending platform, faced a hefty liquidation of 918.83K CRV ($882,000) after CRV's price plummeted over 12% in 24 hours. Earlier in 2024, Egorov experienced $140 million in liquidations due to large loan positions aimed at boosting CRV's price.

- Recent CRV purchase: $1.2M on Dec. 17 at $1.11, now $0.91.

- Egorov linked the liquidation to the uWu hack, calling it a "receipt of Sifu's promise to repay."

CRV's decline outpaces the CoinDesk 20 Index, while Curve's TVL drops from $3.5B to $3.25B. 📉

What are your thoughts on this DeFi drama? Share below! 👇