# Curved

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

**Published by:** [aundingoya.eth](https://paragraph.com/@aundingoya.eth/)
**Published on:** 2024-06-14
**URL:** https://paragraph.com/@aundingoya.eth/curved

## Content

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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