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bitcoin
Bitcoin (BTC) $ 69,419.60
ethereum
Ethereum (ETH) $ 2,428.22
tether
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    HomeCrypto Finance

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

    Crypto Finance
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    By admin
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    Latest News

    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.

    Proceed Studying on Coin Telegraph

    See also  Ripple Introduces Crypto Vaults for Banks, Shiba Inu's Shibarium Lastly Waking Up in DeFi, Bitcoin Whale Goes Bearish With $424 Million in BTC: Crypto Information Digest by U.At present
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