Curve founder: 93% of CRV liquidation bad debts on Curve lending platform have been repaid
Golden Finance reported that Curve founder Michael Egorov wrote on X: "The Curve Finance team and I have been working hard to solve the liquidation risk problem today. Many people know that all my loans have been liquidated. My position size is too large for the market to bear, resulting in $10 million in bad debts. Only the CRV pool on the Curve lending platform (lend.curve.fi) was affected. I have repaid 93% and intend to repay the remaining bad debts soon, which will help users avoid losses due to this situation."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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