Michael Egorov, founder of Curve, faced liquidation of 918.83K CRV ($882,000) as the token's value dropped over 12% in 24 hours. This follows a series of significant liquidations earlier in 2024, totaling $140 million, linked to his attempts to bolster CRV's price through loans. Egorov noted that the recent liquidation was related to the uWu hack in June, despite the ongoing decline in CRV's performance, which has seen total value locked on the Curve platform fall from $3.5 billion to $3.25 billion.
