Curve Finance Founder Sells 34 Million CRV Tokens in OTC Deals, Bringing Total to $42 Million

08/04 11:20

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Michael Egorov, founder of Curve Finance, has sold an additional 34 million CRV tokens to a diverse group of investors in over-the-counter deals, bringing the total number of tokens sold to 106 million and generating $42 million. The recent sales include transactions with Wintermute, an individual trader named Llanero, and a wallet address connected to the former xDAI deployer. Egorov has been selling tokens to reduce potential liquidation risks associated with DeFi platforms, as his outstanding debt across various DeFi platforms currently stands at $65.3 million.

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