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Curve Founder Still Owes $80M Despite Raising Nearly $30M in Past Two Days
3.8.2023
Michael Egorov is under liquidation pressure following the CRV’s recent price drop and Curve exploit
Curve Offers Hackers 10% Bounty in Exchange for Return of Crypto
3.8.2023
"We will pursue you from all angles with the full extent of the law," said Curve, Metronome and Alchemix
Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance
3.8.2023
Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March
Abracadabra's Bold Move: 200% Interest Proposed on $18 Million Loan to Curve Founder Amidst Bad Debt Concerns
3.8.2023
Abracadabra Finance has put forth a proposal aimed to adjust interest rates to mitigate the risk of bad debt resulting from an $18 million loan to Curve Finance founder Michael Egarov.
The proposal suggests hiking interest rates on the loan to 200% on two specific pools known as "cauldrons,"...
Curve's crvUSD depegs as market reacts to shock events
3.8.2023
The decentralized stablecoin is facing its first stress test since it was released in May, putting its PegKeeper algorithm to work
Aave Chan founder proposes buying $2M CRV from Curve founder
3.8.2023
The proposal drew mixed reactions from the community where some criticized the strategy for buying more CRV even as others are looking to shed exposure
Aave is Going to Zero as Curve DeFi Risk Grows and Green Crypto Chimpanzee Could Be the Next Crypto to Explode – $1.1m Raised
3.8.2023
As the Curve liquidity pool exploit continues to haunt price action, leading DeFi protocol Aave has suffered a -16.25% downside move - leading some to say Aave is going to zero - explore Aave's short-time frame outlook in Aave price analysis.
DeFi markets have endured an anxiety-ridden week after...
Aave is Going to Zero as Curve DeFi Risk Grows and IOTA20 Could Be the Next Crypto to Explode – $100,000 Raised in 24 Hours
3.8.2023
As the Curve liquidity pool exploit continues to haunt price action, leading DeFi protocol Aave has suffered a -16.25% downside move - leading some to say Aave is going to zero - explore Aave's short-time frame outlook in Aave price analysis.
DeFi markets have endured an anxiety-ridden week after...
Huobi’s Jun Du acquires 10 million CRV tokens to support Curve
3.8.2023
Du said the existing challenges were transitory and that he believes the industry would benefit from collective support
Crypto Billionaire Justin Sun and Partners Step in to Aid DeFi Giant Curve Amid Crisis – Here's the Latest
2.8.2023
Tron founder and wealthy crypto investor Justin Sun has stepped up to save decentralized exchange (DEX) protocol Curve Finance from a potential bad debt crisis....
Read More: Crypto Billionaire Justin Sun and Partners Step in to Aid DeFi Giant Curve Amid Crisis – Here's the Latest
Curve emergency DAO terminates rewards for hack-related pools
2.8.2023
The Curve emergency DAO removed CRV rewards for alETH, msETH, pETH, crvCRVETH, Arbitrum Tricrypto, and multiBTC pools
AAVE price takes double-digit hit, but strong fundamentals point to eventual recovery
2.8.2023
AAVE price may have been impacted by this week’s Curve Finance scandal, but a robust insurance fund and steady fee revenue could protect against further downside
CRV Gets Plunge Protection on Binance as Market Makers Add Bid-Side Liquidity
2.8.2023
Market makers stepped in to arrest CRV's slide that threatened liquidation of a large CRV-collateralized crypto borrowing and market-wide contagion
DeFi Protocol Abracadabra Wants to Charge 200% Interest on Curve Founder’s $18M Loan
2.8.2023
All proceeds from such a strategy will be kept in Abracadabra’s treasury and be used to reduce the DAO risk associated with the liquidity conditions associated with CRV
Abracadabra proposes hiking loan interest rate by 200% to manage Curve risk
2.8.2023
The Curve Finance exploit has created a liquidity crisis in the DeFi ecosystem and many lending protocols are rushing to minimize their exposure
Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes
2.8.2023
An ongoing crisis situation stemming from a large curve token collateral can be prevented by pausing all borrowing activity, Gauntlet argued in a Wednesday protocol
Curve founder looks to unexpected counterparties to rescue sinking DeFi loans
2.8.2023
Michael Egorov is attempting to pay off his mountain of DeFi debts by selling CRV at a discount
Bitcoin Price Prediction as Traders Get Spooked By Curve Fallout – Will BTC Drop to $25,000?
2.8.2023
Bitcoin is currently trading near $29,900, experiencing a decline from its recent peak of $29,900.
The market sentiment is tense due to the recent events surrounding Curve, leading traders to wonder if Bitcoin will potentially drop to $25,000.
The recent announcement of the US Federal Reserve...
First Mover Asia: Asia Stocks Open Soft, Bitcoin Jumps Past $30K on MicroStrategy Filing and Despite Fitch Treasury Downgrade
2.8.2023
PLUS: Bitcoin dominance sagged in July, absent a compelling BTC catalyst, and as altcoins seemed to benefit from a partial Ripple court victory
Bitcoin Rebounds to $29.2K, Recovering From DeFi Fears; CRV Jumps 5%, XRP Rises
2.8.2023
CRV was up more than 5% after Tron blockchain founder Justin Sun purchased more than $2 million of the token. ETH, SOL remained in slightly negative territory despite climbing in recent hours