The #Curvefi founder #MichaelEgorov deposited 2.5M #CRV ($1.54M) to #Binance     8 hours ago.

And MichaelEgorov has deposited a total of 23.5M $CRV ($14.5M) to $BNB #exchange in the past 5 days.

2/ #MichaelEgorov 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.

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

1/ #MichaelEgorov ( #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 2023.

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

After the market drop, #MichaelEgorov was liquidated 2.67M #CRV ($677K) again 20 minutes ago.

He still has 10M #CURVE ($2.5M) staked in #UwULend , with a health rate as low as 1.09.

An institution sold all 25M #CURVE at an average price of $0.22 in the past 3 days, losing $4.58M

The institution spent $10M to buy 25M #CRV from #MichaelEgorov at an #OTC price of $0.4.

#MichaelEgorov , founder of Curve, tackled an $80M #debt by selling 158M CRV tokens at $0.4 each, a 30% market discount, in #OTC deals to avoid DeFi #loan #liquidation . Despite a lock-up agreement, market pressures loom. $CRV

4/ Since #MichaelEgorov 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 .