Curve Founder’s $168M Stash Is Under Stress, Creating a Risk for DeFi as a Whole

Egorov also borrowed $17 million of FRAX stablecoin using $32 million of CRV as collateral on stablecoin issuer, Fraxlend. In the past couple of hours, Egorov has made several transactions to repay some of the capital he borrowed on Fraxlend, per DeBank. He also has a $18 million loan on decentralized platform Abracadabra.

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