Curve Finance founder’s $100M debt may set off a DeFi implosion: Report

Whereas Curve Finance remains to be weathering the aftermath of a latest $47-million hack, one other subject regarding holders of the decentralized finance (DeFi) protocol’s token has surfaced on the web, sparking theories on how a large dump can probably occur.

On Aug. 1, crypto analysis agency Delphi Digital revealed a Twitter thread detailing the loans taken by Curve Finance founder Michael Egorov which might be backed by 47% of the circulating provide of Curve DAO (CRV). In response to the analysis agency, Egorov has round $100 million in loans throughout numerous lending protocols backed by 427.5 million CRV.

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