Curve founder and CEO Michael Egorov has revealed that the 918k CRV tokens that were forcibly liquidated on October 12th, 2023, originated from a hack that occurred on June 10th, 2023. "The 918k CRV collateral that was liquidated earlier today came from the UWU hack on June 10th," Egorov tweeted. "(The liquidations) are not real CRV that came to the market, they are just receipts for repaying the attacker." Previously, blockchain security firm PeckShield reported that a position of 918k CRV from an address believed to be Egorov's was forcibly liquidated. The liquidation occurred on the decentralized exchange Curve Finance, and the liquidated CRV tokens were worth approximately $2.7 million at the time. Egorov's revelation that the liquidated tokens originated from a hack provides additional context to the incident. It suggests that the liquidation was not a result of a security breach or a market sell-off, but rather a consequence of the UWU hack that occurred earlier this year. The UWU hack was a major security incident that resulted in the theft of over $100 million worth of cryptocurrency from the UWU protocol. The hack was attributed to a vulnerability in the protocol's smart contract code. Egorov's statement that the liquidated tokens were "just receipts for repaying the attacker" suggests that the liquidation was part of a process to recover the stolen funds from the UWU hack. By liquidating the collateralized CRV tokens, the attacker would have been forced to repay the stolen funds. The liquidation of the CRV tokens is a significant development in the aftermath of the UWU hack. It indicates that the stolen funds are being recovered, and that the attacker is being held accountable for their actions.