Current on-chain information revealed Egorov’s switch of roughly 12.5 million CRV, equal to round $7.64 million USD, to an deal with starting with “0xd1c5” at 7:12 UTC on August 10.
Following a current hacking incident that uncovered Egorov’s monetary predicament, it was revealed that he had held hundreds of thousands of CRV tokens as collateral. To stop additional losses, he opted to promote these holdings, illustrating his resourcefulness throughout turbulent occasions.
Earlier than this, Egorov had leveraged a considerable quantity of CRV, totaling 269.8 million tokens price $166 million.
Regardless of this, he continues to shoulder a debt load of $48.7 million unfold throughout a number of platforms. Nevertheless, his tenacity shines as he navigates the complexities of economic restoration. Egorov had virtually paid off his $80 million debt through OTC gross sales of CRV tokens.
In an unconventional transfer in response to the assault, Curve Finance and different affected protocols provided a ten% bug bounty, totaling $6 million, to the hacker behind the breach. Surprisingly, the hacker accepted, returning the stolen property to Alchemix and JPEGd.
Regardless of current setbacks, Curve Finance stays undeterred. A current replace shared by way of its official account highlights its resilience by initiating a group vote for its upcoming mission, the stableswap pool, following the Vyper assault skilled just a few weeks in the past.
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