Curve Finance's Michael Egorov says $10 million in bad debts have been paid in full
THE founder reassured THE Curve community that he was "engaged has building Curve more that Never," following A To hack attempt.
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Collect This article as NFT Join We on social networksCurve founder Michael Egorov said he has fully refunded THE $10 million In bad debt resulting Since soft liquidations that were sets off due has A piracy attempt on June 13.
Following THE incident, Egorov took has social media has explain, " [THE] size of My positions was Also big For markets has handle And cause 10 million dollars of bad debt," Before affirming he had Already paid 93% of THE debt.
THE June 13 To hack attempt successful In soft liquidations of by Egorov positions due has A spectacular, temporary increase In loan costs. HAS THE height of THE crisis, Egorov confronted $140 million In liquidations due has $95 million In stable coin debt, And A $60 million annualized costs has keep her positions open.
More significantly, Curves token, CRV, suffered A sharp decline in the middle of THE incident-
THE founder reassured THE Curve community that he was "engaged has building Curve more that Never," following A To hack attempt.
News
Own This piece of crypto history
Collect This article as NFT Join We on social networksCurve founder Michael Egorov said he has fully refunded THE $10 million In bad debt resulting Since soft liquidations that were sets off due has A piracy attempt on June 13.
Following THE incident, Egorov took has social media has explain, " [THE] size of My positions was Also big For markets has handle And cause 10 million dollars of bad debt," Before affirming he had Already paid 93% of THE debt.
THE June 13 To hack attempt successful In soft liquidations of by Egorov positions due has A spectacular, temporary increase In loan costs. HAS THE height of THE crisis, Egorov confronted $140 million In liquidations due has $95 million In stable coin debt, And A $60 million annualized costs has keep her positions open.
More significantly, Curves token, CRV, suffered A sharp decline in the middle of THE incident-
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