at which Egarov’s loan could be liquidated. Curve Finance, a stablecoin swapping giant, suffered a Sunday exploit that drove down the price of the CRV token, putting $168 million of Egorov's holdings at risk of being liquidated.internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities offerings.
Heart also defrauded his investors, the SEC alleged in its Monday lawsuit, by using investor funds for personal goods."Heart continually touted these investments as a pathway to grandiose wealth for investors, claiming that Hex, for example, 'was built to be the highest appreciating asset that has ever existed in the history of man,'" the lawsuit read.
The market depth – the market's ability to absorb large orders at stable prices – has declined in the dollar terms and is only slightly up in the native token terms. A potential liquidation of Curve founder Micheal Egorov's multi-million dollar worth of CRV backed loans could thus have an outsized impact of CRV's price.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CoinDesk - 🏆 291. / 63 Read more »