Michael Egorov, the creator of Curve, a decentralized finance platform, experienced another significant liquidation. He lost 918.83K CRV, which is valued at approximately $882,000, as the token's price dropped by over 12% in a single day.

Egorov acknowledged the challenges posed by his large positions, which he believed were too significant for the market to absorb, resulting in $10 million in bad debt. On December 17, Egorov made a purchase worth $1.2 million when CRV was trading at $1.11, but the price later plummeted to around $0.91. Egorov stated that the lost CRV was connected to the uWu hack from June, suggesting that the liquidation fulfilled a promise made by the hack's founder to repay the stolen funds.

The total value locked on the Curve platform has decreased from $3.5 billion on December 16 to $3.25 billion, primarily due to falling asset prices.