# Curved

*Curve founder faces $140M liquidation as CRV price plunges*

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-06-14

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Michael Egorov, the mind behind the crypto lending platform Curve, saw his $141M CRV-backed loan tumble as CRV dropped 30%.

With CRV hitting a new low of $0.23, Egorov's position was liquidated, totaling across 5 protocols. But this isn't his first bailout; last year, he faced a similar crisis after a protocol exploit.

DeFi big shots like Justin Sun and DCF God swooped in to help, buying CRV tokens from him.

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/curved)*