On July 25th, in response to the "Curve founder Michael Egorov's address has been liquidated 2.67 million CRVs in UwULend", Egorov himself responded in X that because UwULend has been hacked before, there is currently no CRV in the UwULend protocol to support uCRV (UwULend's CRV deposit voucher token), although the liquidator obtained uCRV through liquidation, but only after UwULend buys the CRV and repays the bad debt, the liquidator can withdraw the CRV from the agreement, so that Egorov will also be able to withdraw the rest of the deposit.
Egorov added that the current situation is that no one can withdraw funds from the hacked platform until the hacked platform (UwULend) repurchases funds (CRV, etc.).
Curve founder responds to liquidation event: Liquidators will not be able to take out CRV unless UwULend buys CRV and pays off bad debts
2024-07-25 14:06:56
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
