Curve founder Michael Egorov sells more CRV to DCFGod and others

Photo of author

By BitcoinWiki News

Key Takeaways:

– Curve founder Michael Egorov has sold Curve (CRV) tokens in over-the-counter (OTC) transactions.
– He sold 5 million CRV to Tron founder Justin Sun, 4.25 million CRV to crypto trader DCFGod, 3.75 million CRV to NFT owner Jeffrey Huang, 2.5 million CRV to crypto investors DWF Labs, and 2.5 million CRV to DeFi project Cream Finance.
– Mechanism Capital co-founder Andrew Kang and crypto individual Sifu are participating in further OTC sales.
– The tokens were sold at $0.40, reflecting the money Egorov received in exchange.
– Egorov has borrowed near $60 million in stablecoins on Aave, collateralized by $175 million in CRV.
– The OTC deals are being made to repay some of the debt and reduce the risk of liquidation.
– The deals boost the health of Egorov’s loan position.
– Correction: Wintermute was not involved in the OTC deals.
– Wintermute co-founder Evgeny Gaevoy sits on The Block’s board.


Curve founder Michael Egorov has reportedly sold a significant amount of Curve (CRV) tokens in over-the-counter transactions. According to blockchain data, he sold 5 million CRV to Tron founder Justin Sun, 4.25 million CRV to trader DCFGod, 3.75 million CRV to NFT owner Jeffrey Huang, 2.5 million CRV to crypto investors DWF Labs, and 2.5 million CRV to DeFi project Cream Finance. Additional OTC sales involving Mechanism Capital co-founder Andrew Kang and crypto individual Sifu are also said to be taking place. Egorov is trying to repay his large loan position which could be at risk of liquidation if the price of CRV drops significantly. It is estimated that he has sold a total of 39.25 million CRV, receiving 15.8 million USDT in return. The tokens were sold at $0.40, reflecting the money Egorov received, and there is a three to six-month lock-up agreement for the tokens.

This is sponsored by: Learn Bitcoin Option

Leave a Comment