What's happened with Michael Egorov's CRV?
Curve founder Michael Egorov has had to sell a large quantity of CRV tokens to a variety of investors, including Justin Sun, to help avoid the liquidation of a large position he held on Aave. According to PeckShield, one of those who purchased the CRV tokens transferred them to Binance for several hours before returning them to the wallet. This is despite the tokens supposedly having to remain locked up for six months. #PeckShieldAlert $CRV has tanked below $0.4. Michs #OTC counterparty, address 0xb0b8, who received 2.5M $CRV ~43 days ago (supposedly locked for 6 months), has now transferred 609K $CRV to #Binance pic.twitter.com/mJ2HOIbpMY — PeckShieldAlert (@PeckShieldAlert) September 13, 2023 Read more: Curve hacker not in the clear despite returning $50M of stolen funds These over-the-counter (OTC) deals were conducted at $0.40, with the on-chain movements briefly sending the price down to $0.39. This left those investors briefly in the red, however, i ts price has ...
