CRV

Tr1pl3-A

Why is this A.I nonsense allowed here? Also, this is FUD… Curve founder wasn’t even close to liquidation, his liquidation range is bellow 0.18$/CRV.

Curious_Tap_1528

CRV by a long shot

xbriannova

I keep my LUNC (Terra Luna Classic) in my portfolio to remind me to be careful. It makes up just 0.5% of my portfolio. But if not counting LUNC, it'll be CRV (Curve). I bought it during the bear market, but unlike other cryptos that had risen high and gone back into the green, CRV stays deeply in the red. I'm starting to think that that's where it'll stay for the rest of its life. It's only a matter of selling it at the least amount of loss...

Minimum_Training_923

What do you guys think about CRV, SNX, SUSHI, COMP, WAVES, NEAR, KP3R? It’s what my (modest) portfolio consists of.

SilasX

The graph (GRT) and Fantom (FTM), plus an ETH liquidity pool for each. They are coming back now. Also holding CRV but it’s still fucked.

22marks

ATH, no. But it's still a $558B market cap with the Model Y being the #5 best-selling car in the country (with Model 3 at #12). They sell more than the Toyota Corolla, Honda Civic, and Ford Explorer. The Model Y sells more than the CRV and Camry. I think that's fair to say "doing well." But to further my original example, the whole Solar City (Solar Roof) play was a complete disaster. Source: https://www.caranddriver.com/news/g43553191/bestselling-cars-2023/

QuartOfTequilla

Seriously, people just keep repeating the same garbage over and over as if they know what’s going on. Yea it’s your coworker that took out his $24000 profit to buy 50% cash on a Honda CRV

General_Ability

Just FOMO in some SOL, CRV, ZEN, STX, LINK and KAVA. To the moon

paleb1uedot

CRV is the 10th coin in TVL and one of the most used Defi protocol out there.

Lostindaether

I did that once upon a time but now it’s BTC only…AXS, CRV, SAND, MANA, OMG, DOT, ETH, RPL…I think it’s too many project to keep track of and all have much higher risk, imo.

Somebody__Online

The exchange is not doing anything other than facilitating the trading of assets. People with a lot of money for sure will used their money to move the markets and create favorable conditions for their derivatives positions. Like how CRV was very heavily shorted in money markets like AAVE while DYDX perp contracts were also massively biased short. People will open short positions and then use their on chain funds to drop the price of those assets to make their shorts print. Then close the short for profit and buy back the assets they dumped on chain to bring the price back up.

MollyPooper

lmao just buy alts instead. Why would you go through the trouble of living on the streets just to buy some bitcoin when you could make far more profit with less than $1000 of alts? Just accept the fact you have missed your train on bitcoin. It’s not gonna give you any ridiculous returns like 50x or 100x anymore. That age is over. Just buy some alts like SUSHI, CAKE, 1INCH, CRV, SOL, DOGE, etc. At least that way you stand a chance to gain at least 10x-20x and even 50-100x if you bought the very bottom. I literally only have bought $200 of alts each like $20-30 in value simply because I live in a country where I could barely make $4k a year and all I have is $200 to invest. I stand more chance to gain with alts than bitcoin. Don’t be an NPC and follow your friends lol

jekpopulous2

BTRFLY. When DeFI whales turns their attention back to CRV I think BTRFLY will go parabolic... looking for 20-30x to a MC of around 250M.

Antikristoff

BTC, ETH I believe in them as coins and project. LINK, UNI, CRV I believe in them as projects (needed ecosystems) but coin value not as much. Will get downvoted but ADA is awful from a blockchain engineer standpoint, very hard to scale and their "we're doing things good and slow" has been a fat lie since the start. My wildcard is AR (Arweave), because good tech team, smart founder, useful implementation (storage costs more than cloud but permanency) but they need to polish numbers to have a market, could crash and burn if they don't.

Squezeplay

The above poster said it increase CRV emissions, that is brrr.

TechCynical

this is grossly misrepresenting the situation. You leave out the part where this increases CRV emissions by a ton to help payback the rest. Many holders may not want their holdings diluted for a mistake of the team. These proposals are also triggered by anyone which means that people can just throw up another proposal that says refund the recovered amount which will pass 100%.

Dreadsock

Making the best educated guess, would be BTC and ETH. Specifically, Ethereum seems to be the biggest winner. Ethereum represents a consensus layer that will host ecosystems that will continue to explode in applications and increase demand. Most of the obvious ecosystems are financial systems, such as liquidity pools and leverage trading that are already pillars of the technology. We are also seeing the evolution of L2s that will utilize a primary chain to inherent the security consensus and improve transaction verification speed and cheaper transaction cost. Soon we will see an "internet of blockchains" that are all bridging to one another. L1s will become the place of whales and large blockchain swaps, where most people will interact directly on L2s. Altcoins that might be interesting in the future are governance tokens for the pillars of the financial ecosystem that have a usecase that brings in value. Stablecoin swaps are the foundation, and the cheapest and most efficient large volume stablecoin swaps are through Curve.fi. CRV, and by extension CVX may be good long term holds. Not likely to become each super valuable, but can be locked to earn residual income. If I had to pick just one, ETH all day, everyday and it's not close. And to BTC maxis, welcome to blockchain technology. Bitcoin will make you money, but there's so much more potential to the technology than just a money coin. Smart Contracts are a game changer.

kuonanaxu

The V2 supports all ERC-20 tokens; however, I tried creating a CRV vault but I could see only ETH has been added to stables. I guess other volatile assets will be added shortly.

jekpopulous2

It’s being swapped for USDC that’s already in circulation in Curve’s 3CRV pool. When there’s less USDT than USDC in the pool slippage is positive and offsets the trading fees.

jekpopulous2

Tether mints a bunch of USDT… when a whale wants to cash out instead redeeming their USDT they’ll wait until Curve 3CRV (USDT/USDC/DAI) is low on USDT and then swap their USDT for USDC with positive slippage that offsets the trading fees. I’m not saying it’s some kind of conspiracy… it’s just that this mechanic creates an environment where USDC is being burned but USDT isn’t. Basically the 0.1% redemption fee on USDT incentives users to burn USDC instead.

Hondo_Bogart

I have BTC, SOL, and picked up a bit of ETH a few days ago. Good to see a bit of a bounce on ETH. I also have KAS for the last couple of weeks which has ripped as well. Plus I bought some VRA and CRV so I have KAS, VRA, CRV as my riskier holds.

Blooberino

DOGE will have its day. Litecoin is a fantastic coin to use, but it will never be a good investment. XLM will reach $1 this bull run. ATOM, AVAX, LINK, DOT, and CRV are all dying. They won't return. Kaspa has peaked. SOL is going to have a really good time when the bull comes.

RUBEN4iK

Yeah, tried shorting CRV with x50, but was too late as always..

Sixtricks90

Wen CRV

DivinityInsanity

Is UNI worthwhile to invest in? I sold all my positions in DOT, ATOM, CRV and YFI in order to focus on BTC and ETH. But still, I'd like to have *something* in DeFi as well. UNI would be a rather safe one, right? Could it still do a 10x next bull run?

CurveFinance

Nah I'm a part owner with 1 CRV

CurveFinance

Alright edited it. I'm a part owner as I own CRV. And as it's supposedly decentralised anyone can run a social media page. Just like anyone can run a frontend

Blooberino

My CRV bag feels heavier by the week.

aminok

Curve's CRV token allocation is completely irrelevant to the Curve protocol. The Curve protocol is immutable. You were talking about VC funded DeFi apps, and explaining how they could not possibly be non-upgradeable due to being VC-funded. I was proving that notion wrong. As for the L2s, I've already explained why they're upgradeable and what their plan is with respect to that. And no, they can't just claim they will be decentralized without it imposing a huge obligation on them. If they fail to launch decentralized as promise, they will see a huge hit to their credibility/reputation, so they have something at stake in whether they make that claim.

coinfeeds-bot

tldr; Curve founder Michael Egorov has settled his debt position on the decentralized lending platform Aave. He deposited 68 million CRV ($35.3 million) to Silo and borrowed 10.8 million crvUSD. He then swapped crvUSD for USDT and repaid his entire debt position on Aave. Egorov still has $42.7 million in debt across four other DeFi platforms. He has been working to repay his debt by selling CRV tokens for stablecoins. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The founder of decentralized finance (DeFi) protocol Curve, Michael Egorov, has settled his loans on the lending platform Aave, reducing his debt to $42.7 million across other DeFi protocols. Egorov deposited 68 million CRV tokens to lending protocol Silo and borrowed 10.77 million in crvUSD stablecoin, which he then swapped for Tether (USDT) to pay off his debt on Aave. He currently has 253.67 million CRV tokens in collateral and $42.7 million in debt across four platforms. This move comes after Egorov made headlines for his $100 million DeFi debt, which posed risks to the market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

-Resident-One-

CRV, bought a decent amount in 3 buys from Sept 7th-20th, and it's up almost 20% from those levels, so I'm pretty happy with the purchases

coinfeeds-bot

tldr; CRV, the native currency of Curve Finance, has seen a 22% spike in the past two weeks. This increase in price coincides with a whale withdrawing 1.542 million CRV from Binance and adding liquidity to Curve Finance. The withdrawal of coins from Binance to a non-custodial wallet is a positive sign for CRV. The token has been experiencing a decline in Q3 2023, partly due to an exploit of multiple Curve Finance liquidity pools in late July. Despite the recent pump, CRV prices are yet to fully recover. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

mattg1981

that Justin Sun is such an exemplary example of a gentleman to come in on his white horse and save CRV for us all. ...... /S

coinfeeds-bot

tldr; The decentralized finance (DeFi) ecosystem experienced a decline in economic activity in August, with exchange volume dropping by 15.5% compared to July. The DeFi Index underperformed Bitcoin and Ether, falling 21% in the month. However, positive developments were seen, including the dismissal of a class action lawsuit against Uniswap Labs and the stablecoin growth of Maker and Curve. The total value locked (TVL) also declined by 8% in August. The growth of Curve Finance's stablecoin crvUSD contributed significantly to the platform's revenue. However, the governance token CRV did not show signs of recovery. The global interest rates, particularly in the United States, continue to put pressure on stablecoins, leading to a 2% decrease in their market capitalization in August. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

-Resident-One-

What's your next few favorite coins outside of BTC and ETH? Mine are moons, DOT, and CRV (I know, I know lol)

coinfeeds-bot

tldr; The article discusses the stability of the crypto market ahead of the release of U.S. CPI data. Despite predictions of a small increase in CPI growth, digital assets have remained fairly stable. Bitcoin is trading at $25,933, up 0.66% in the last 24 hours. The CoinDesk Currency Select Index has also seen a modest rise of 1%. However, the price of Curve's CRV token is falling due to negative events in the protocol. The article also mentions that the number of S&P 500 companies mentioning "inflation" during their Q2 earnings calls has declined. The founder of BitMEX believes that the relationship between CPI, inflation, and crypto prices is changing. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

4ucklehead

Probably not. I locked my CRV in 2020 shortly after veCRV became available... They unlock in 2024. This was way before Convex or any other liquid ve options. They've earned a lot of tripool though so 🤷‍♀️ But with the bears and bulls in crypto, it probably isn't

ThrowawayHoper

If it’s of interest that would mean a market cap of ~$373.5mil, ranking MOONS 82nd by cap! Beating out COMP, CRV and CAKE as a few examples. As an aside, it’d also beat LUNC which is *somehow* 87th by cap despite having a price of 0.00006… 😭 the market is not logical

millennial-snowflake

Might not be popular but I'm the same. Reminds me of CRV last bull run. Everyone said it was a coin to earn, not buy. They were definitely right

Blooberino

It seems like CRV has been dealt a mortal blow, and it's just going to slowly bleed out on the ground.

coatchecker

Missed taking profits at the ATH of CRV by setting a slightly higher sell order and going to bed...oh and Celsius, that wasn't great either.

coinfeeds-bot

tldr; Wintermute Trading, a major market maker in the crypto industry, is seeking a 12-month loan of YFI tokens from Yearn Finance to increase its yield. However, Yearn voters are rejecting the proposal, deeming it unfair. Wintermute is attempting to leverage its own CRV tokens to secure YFI tokens, but Yearn supporters argue that the deal goes against the decentralized ethos of Yearn. Wintermute has offered to post CRV tokens as collateral, but voters remain skeptical of trusting "reputable" companies. The vote is currently leaning towards failure, with 94% of votes against the proposal. Another market maker, DWF Labs, has also pitched more favorable terms to Yearn. Both sides are considering the optics of the situation, with Wintermute seeking to gauge how it is perceived. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

lucashcy_97

CRV pretty good as well 🙏

DivinityInsanity

Mildly annoyed about CRV picking up again, as I sold everything I had in the CRV vault on Yearn Finance, but oh well, at least I slept like a baby these past few days. 🤷

coatchecker

Had crypto at Celsius and Hodlnaut but only managed to yank out all my coins from the latter before they both collapsed. Also missed my sell order of CRV in late 2021 (around 5.25 USD) and stubbornly held the bag for too long.

you_cant_see_me2050

My top options in the DeFi industry are CRV, COMP, and Maker. I'm also interested in AI-related tokens. Fetch AI, AGIX, and Fluid AI (smart order routing, AI-driven liquidity aggregations, and prediction model) are on my watchlist. From the RWA industry, Centrifuge is on my watchlist. It's a DeFi platform that uses RWAs to collateralize loans. This allows borrowers to access liquidity without having to sell their assets, and it can also help to reduce the risk of default.

yondercode

Probably one major upcoming one is Prisma Finance, but idk how to get them. Previously you can get them by voting with locked CRV (veCRV) but I skipped it due to CRV risk. Now I just boosted the discord lol hoping for a whitelist

DivinityInsanity

Just exited my CRV/DeFi positions. Too much drama, FUD, and altogether simply too risky. This excursion caused me to be down by about $4000. What a fucking waste.

DivinityInsanity

The only thing I'm afraid of, is for $CRV, or just DeFi in general I guess, to die... I couldn't recover from such a black swan...

Canjud

I want to see projects with actual use cases leading the next bullrun. Such as use cases such as payment (BTC, AVA), infrastructure (ETH, MATIC), AI & Big Data (OCEAN, FET, GRT), Finance (UNI, LEND, CRV), or any of the numerous use cases in crypto right now.

spamohh

There are thousands of them. Most of the main defi protocols were born on ETH, like CRV MKR AAVE UNI Balancer and a lot more, but there's also a ton of shitcoins that you can see here https://dexscreener.com/ethereum

RCALovah

I think CRV being hacked last month is gonna play a role in delaying adoption for DeFi but it'll eventually replace trad fi since trust has been lost and it's incredibly hard to get it back

damittydam

They recovered ~70% of the funds so it's not a surprise they're able to do this. Even if they hadn't recovered the funds, they would've had to tap into their own treasuries to survive & maintain user faith. If they didn't do anything, it would've been a catastrophic event for the entire crypto market, not just CRV.

mercurysquid

Here’s the TL;DR of that article: - Curve Finance to reimburse users after $62M hack. - Approximately 79% of hacked funds recovered. - Hacked funds being returned to impacted users. - Hack exploited vulnerabilities in Vyper compiler (versions 0.2.15 to 0.3.0). - Skilled attacker planned the attack for weeks. - Pools like CRV/ETH, alETH/ETH, msETH/ETH, pETH/ETH affected. - Concerns about potential exploitation of tri-crypto pool on Arbitrum. - Lack of incentives to identify software vulnerabilities highlighted. - 10% bounty offered to hacker, some funds returned. - Ongoing investigation to recover remaining funds. - Focus on fair distribution of reimbursement to affected users.

Wolfxorb

Not sure CRV will stay around for the long haul if honest.

DankOcean

CRV climbing back or no?

coinfeeds-bot

tldr; Curve DAO (CRV) has seen a decline recently, but on-chain data suggests a potential rebound. The supply distribution shows that large investors, such as sharks and whales, have increased their holdings from 33% to 41% of the circulating supply. This accumulation after the price plunge indicates that these investors see the current levels as a buying opportunity. The whale transaction count, which tracks transfers of CRV worth over $100,000, has returned to normal, suggesting that these investors are not applying selling pressure. The high development activity on the public GitHub repository indicates that the Curve DAO developers are still actively working on the project. CRV is currently trading at around $0.59, down 3% in the last week. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

flarept1

Things cooled down, binance invested 5M into CRV too to calm things down

ronchon

It's about time! The fact that CRV was ever allowed as a collateral to begin with is the true scandal of that whole debacle. One can only wonder as to how that came to be... 🤡

coinfeeds-bot

tldr; The Aave community is voting on proposals to reduce its exposure to the Curve DAO token. This is in response to the large borrowing position held by Curve Finance founder Michael Egorov, which poses a risk to the lending protocol. One proposal aims to lower the liquidation threshold for CRV on Aave v2, potentially subjecting user accounts to liquidation. The second proposal disables borrowing of CRV on Ethereum and Polygon v3, preventing shorting of CRV via Aave. The Aave community is also considering a proposal for the Aave Treasury to buy $2 million worth of CRV tokens from Curve. The recent hack on Curve Finance has raised concerns about the stability of the DeFi ecosystem. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

coinfeeds-bot

tldr; Binance Labs, the venture arm of cryptocurrency exchange Binance, has invested $5 million in Curve (CRV), the decentralized stablecoin trading platform. Curve is the largest stableswap and second-largest decentralized exchange (DEX), with $2.4 billion in total value locked and $215 million in daily volume. The investment comes after Curve was hacked and $73.5 million was stolen from its stable pools. The hacker returned $52.3 million, but the remaining $19.7 million is still missing. Binance is pledging its full support to Curve and the investment will allow Curve to deploy to BNB Smart Chain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

coinfeeds-bot

tldr; Binance Labs, the venture capital arm of Binance, has committed to investing $5 million in the Curve DAO Token (CRV), the token behind the Curve decentralized exchange (DEX) on the Ethereum blockchain. Curve is exploring a potential deployment on Binance's BNB Chain. Curve is a stableswap and DEX with about $2.4 billion in total value locked (TVL). Despite being hacked for over $70 million last month, Binance Labs has offered its full support to Curve through investment and strategic collaboration. The Curve DAO Token is used for exchanging stablecoins, staking, and governance. After the Binance investment was announced, CRV saw a 4.8% increase before settling back down. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

Silver-dutch

“Binance Labs, the venture capital arm of the world’s largest crypto exchange by trading volume, has committed to investing $5 million in the Curve DAO Token (CRV), the token behind the Curve decentralized exchange (DEX) on the Ethereum blockchain. As part of the collaboration, Curve is exploring a potential deployment on Binance’s BNB Chain, according to an announcement blog post.” That’s the catch

flarept1

If Binance are willing to invest in them it means the hack didn't affect the protocol that much. CRV get positive publicity. In return CRV will deploy to BCS, generating binance a ton of fees, win-win for both

thisbutthis

TLDR: Curve Finance appeals to the individual responsible for the CRV/ETH exploit to return the misappropriated funds. About 73% of the stolen funds, equivalent to roughly $52.3 million, have been returned thus far. The remaining portion, totaling around $19.7 million, remains unrecovered.

coinfeeds-bot

tldr; Curve (CRV) is offering a $1.85 million bounty to anyone who can identify the hacker responsible for draining the decentralized finance (DeFi) platform of tens of millions of dollars in crypto assets. The deadline for the voluntary return of funds has passed, and Curve is now extending the bounty to the public. The hack resulted in a loss of over $41 million for several liquidity pools on Curve, causing a liquidity flight on the platform. However, Curve's total value locked (TVL) has partially recovered and currently sits at around $2.4 billion. The native token CRV also experienced a significant drop in value but has yet to fully recover. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

coinfeeds-bot

tldr; Curve (CRV) is offering a $1.85 million bounty to anyone who can identify the hacker responsible for draining the decentralized finance (DeFi) platform of tens of millions of dollars in crypto assets. The deadline for the voluntary return of funds has passed, and Curve is now extending the bounty to the public. The hack resulted in a loss of over $41 million for several liquidity pools on Curve, causing a liquidity flight on the platform. However, Curve's total value locked (TVL) has partially recovered and currently sits at around $2.4 billion. The native token CRV also experienced a significant drop in value but has yet to fully recover. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

coinfeeds-bot

tldr; Curve Finance, a decentralized exchange on Ethereum, experienced a hack due to a vulnerability in certain pools built using the Vyper programming language. The price of CRV dropped 20.91% on the day of the hack, and concerns about liquidation risks of hefty loans taken by Curve Finance founder Michael Egorov against CRV as collateral caused further decline. However, Egorov's partial repayment of loans and negative bets in the derivatives market suggest that CRV may rally in the short term. Egorov sold 39.25 million CRV tokens for stablecoins to notable DeFi investors, reducing the liquidation risk. The derivatives position of CRV traders indicates the possibility of a short squeeze and potential price rally. While risks remain, if buyers can build support at the current level, the price may rally towards resistance levels at $0.78 and $1.23. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

coinfeeds-bot

tldr; After negotiations, the hacker who stole $61 million in assets from Curve Finance returned roughly $10 million of the stolen cryptocurrency to one of the victims, Alchemix. There is hope that the majority of the victims will receive their stolen funds back. The hacker exploited the trading pools using a Vyper language vulnerability, causing the price of the CRV token to drop. Curve's founder, Michael Egorov, had to sell $42 million of his CRV stockpile to pay off at-risk loans. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

Pr0Meister

One minute you are reading how some hackers managed to find an exploit in CRV, and then you read this.

bailtail

Funny story, the person who hacked CRV hasn’t returned most of it. They actually tried to sell on DeFi but got front-ran by a bot that exploited the order and essentially stole back the CRV. The owner of that bot just happened to be a whitehat and returned the CRV. 😂

Loud-Mathematician76

is it possible that Justin could have ordered a 3rd party to perform the attack so he could buy up CRV at a huge discount ?

OkCycle5884

ok.. Justin Sun's strategic move to acquire discounted CRV demonstrates his sharp investment acumen, capitalizing on the market's rebound potential..

Party_Practice_7292

>CRV Price Soars as Hacker Returns Funds >As per the latest data from CMC there has been a **1% increase** in the last 24 hours, with a similar boost in the token’s market capitalization. LMFAAAAAAAOOOOOOOOO

SonnyJackson27

If’s a joke, they’re mocking the CRV tweet. That elizab.eth isn’t the bot owner.

coinfeeds-bot

tldr; A hacker who attacked the Vyper programming language has returned the stolen funds after affected protocols offered a reward. The hacker returned 4,820 Alchemix ETH (alETH), worth $8.3M, back to the Alchemix team's wallet. The returned assets come after the Curve, Alchemix, and Metronome teams posted a message offering a bounty and stating they would not pursue legal action if 90% of the funds were returned. The attack resulted in over $61M drained, and the hacker returned the funds stating they didn't want to ruin the projects. The hack has affected market action and conversations, with efforts being made to shore up the price of Curve's CRV token. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

coinfeeds-bot

tldr; Curve Finance has recovered 73% of the funds stolen in a hack, boosting sentiment for CRV tokens. The hack resulted in a loss of over $73 million worth of various tokens. However, whitehat hackers and attackers have returned a significant portion of the stolen funds. Other protocols affected by the attack, such as AlchemixFi and Metronome, have also seen the return of stolen funds. Curve offered a 10% bounty for the return of the assets, and the remaining stolen funds are now being offered as a reward to the public for identifying the exploiter. The recovery of funds has positively impacted the value of CRV tokens, which had initially dropped by 30% following the attack. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

conceiv3d-in-lib3rty

There’s still that thing were their founder holds 34% of CRV’s marketcap though.. 

FordPrefect343

The people posting here have 0 clue how defi works or why this is a smart move. Buying crv allows aave to collect interest on the vested token and use their voting power to allocate more rewards to their own stable coin liquidity. Not only would they be able to get the CRV at a low price, they could do it OTC for a discount. it’s a smart investment long term on it’s face, and provides lasting value in the stable coin liquidity APR through curve gauge voting. Reading all the comments here it seems the users who are the most clueless about the workings of defi are also the most opinionated

idkforfun

My ship has sunk because somehow CRV bounced back

coinfeeds-bot

tldr; Curve Finance, a decentralized exchange (DEX), recently experienced an exploit that resulted in the loss of $52 million. This caused the price of the project's native token, CRV, to plummet. The founder of Curve Finance, Michael Ergorov, had taken out loans against his CRV stash, which would have been liquidated if the token dropped to $0.35. However, Ergorov managed to avoid liquidation by executing over-the-counter deals with various crypto influencers and offloaded $42 million in CRV to investors. This incident raises questions about the health and stability of the DeFi space. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Electronic-Lunch-362

Yesterday a lot of whales/owners if other popular tokens bought a lot if CRV. Insider trading much!?

jekpopulous2

There are no fundamental flaws with Curve though. They lost money do to an exploit that has nothing to do with their code or their system. Even outside of OTC deals it looks like everyone is snatching up CRV right now. Not even to prevent AAVE liquidations. All these protocols need veCRV to vote on guages with anyway - so they’re buying up as much as possible. Curve is going to survive this ordeal organically.

Swoopscooter

CRV was recently exploited not all of defi

idkforfun

Welp guys I'm screwed I come from a 3rd world country and I used my weekly allowance(8 USDT) to learn how to trade cryptocurrency and I learn a lot but I'm gonna lose all of it now because CRV is rising and I shorted it at 0.590

Zaczzz

It's great to hear that the looter behind the $61 million Curve Finance hack has started returning some of the stolen assets after engaging in talks. The fact that they transferred 4,820 ether (ETH), valued at around $8.9 million, to Alchemix's multisig wallet is certainly a positive development. This news has also had a positive impact on CRV, the governance token of Curve, which jumped 5% during the day. It's heartening to see that there's hope for the recovery of most of the stolen assets, offering relief to the victims who suffered from this dramatic crypto exploit. The fact that Curve, Metronome, and Alchemix lost such a significant amount of crypto assets due to an unknown hacker exploiting a coding bug was indeed a major concern. However, the protocols' offer of a 10% bounty for returning the assets by August 6 is a step in the right direction to encourage the return of the remaining stolen assets. Let's hope that more of the stolen assets are recovered, and the victims can regain some of their losses. Such incidents highlight the importance of strong security measures and constant vigilance in the crypto space. We'll be keeping an eye on further updates and wishing for a positive outcome for the victims

Prestospin

He still has a huge loan on AAVE btw, if the price of CRV reaches 37 cents he's going to be definitely liquidated.

coinfeeds-bot

tldr; Michael Egorov, the founder of Curve (CRV), has sold a total of 106 million CRV tokens to repay debts following a hack that affected the Curve Protocol. Egorov still has 346.93 million CRV tokens in five platforms, which may be liquidated as token prices continue to drop. To protect his position, Egorov is selling CRV tokens in over-the-counter deals to various institutions at a discount. The most recent deal involved selling 34 million CRV for around $19 million to repay debts on Abracadabra and Aave. The Curve Protocol has also experienced a significant decrease in Total Value Locked (TVL) and faces the risk of triggering another liquidity crisis if Egorov's position is liquidated. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Rusty_Shacklefurd69

Is this a systemic issue across Defi or just localized to CRV?

Endersdane

...meanwhile he bought two mansions in Australia for 40 millies. And if this is done with CRV you can imagine the machinations with other less known defi protocols

-0-O-

His liquidation was more like 28 cents, I believe. The reason for the urgency is that Fraxlend's mechanism is to increase loan APY while the lending pool is at full utilization, which happened after the exploit while people were shorting CRV.

-0-O-

He literally hasn't though. Almost ever. That's the entire reason for large sales now, is that he has a mountain of CRV from never selling, only using as collateral. With the price impact from the exploit, he was forced to sell some in order to pay down positions.

-0-O-

For what it's worth, the founder has essentially never sold CRV prior to this, only borrowed against it. Due to the price impact of the recent exploit, it has become necessary to sell a portion of his remaining CRV in order to pay down those positions and keep them at a healthy ratio. So far, the sales have been OTC and limited to protocols that use and support Curve.

Rastifar

It's kinda weird to see that many figureheads in the crypto industry rushed to buy CRV in order to prevent the liquidation. A Curve downfall scares a lot of people, apparently.

coinfeeds-bot

tldr; Curve Finance founder Michael Egorov has sold a total of 106 million CRV tokens for $42 million. This includes recent sales to various entities such as Wintermute, an individual trader named Llanero, and a wallet address connected to the former xDAI deployer. Egorov has been selling tokens to reduce the risk of liquidation associated with DeFi platforms, as he currently has outstanding debt across various platforms. The timing of these sales coincides with a decline in the CRV token's price following a security exploit. Egorov has also been repaying some of his debt to mitigate the risk of liquidation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

nakasatoshi

thank you for sharing mate. But how can the sold CRV be locked up 6 months?

TheMaskedBallsack

Wait is CRV still fucked? How is everything not a shitshow right now?

coinfeeds-bot

tldr; Curve Finance founder Michael Egorov still owes approximately $80 million to various lending platforms, despite raising nearly $30 million in the past two days. Egorov managed to raise the funds by selling 72 million CRV tokens at $0.40 each through over-the-counter sales. However, this amount was not enough to fully repay his debts to platforms such as Aave, Abracadabra, FraxLend, and Inverse Finance. If the price of CRV drops to $0.368, Aave may have to sell Egorov's collateral in a low liquidity market, which poses a risk. The price of CRV has remained stable at around 58 cents in the past 24 hours. It is important to note that the actual amount raised by Egorov may be higher, as off-chain deals are not accounted for in the reported figure. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Dastan9527

In summary: things could get hairy if the price of CRV hits $0.368.