Michael Egorov Faces Liquidation Following $1.2M Buyback
Michael Egorov, the founder of Curve Finance, has experienced another liquidation of his position in Curve (CRV) after attempting a significant buyback to stabilize the token’s price. This recent liquidation resulted in the loss of 918.83K CRV, valued at over $898,000. The situation reflects the continuing challenges that developers face in maintaining token stability amidst market fluctuations. Investors are closely monitoring events as they unfold, highlighting the delicate balance required for effective asset management in the volatile crypto landscape.
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