CURVE CRV FOUNDER LIQUIDATION

Curve founder Michael Egorov has been liquidated on his large CRV collateral loans. He has a mansion, some protocols now likely have bad debt, and questions are being asked if collateral like CRV should be allowed as backing for large loans? Let's check out what he cashed the gains into plus take a look at other crypto news events in the last 24 hours.
*None of this is financial advice
00:00 Democracy Manifest
0:55 Curve CRV Liquidation info
3:00 Who loses?
5:18 The real winner
5:56 Tapioca vs Curve
7:10 News

[@SK-vg3mw]

Thanks Gareth!

[@CryptoTube]

Cheers mate

[@blockchainbreakdown2009]

100% subbed for the intro

[@mothd3124]

Hey, are you a holder of CRV? How would you approach this situation?

[@principleprofittrader]

I am. Good question. I took the trade via Tikka Tiwari signal back in the day, Shit timing,

[@Molecularjewelry]

damn seems like smaller trading ranges foment liquidations in this market now

[@blockchainbreakdown2009]

I am more concered about the crvusd stable coins i feel like that is more of the next gen business model

[@stringfellowhawk5361]

He exit rugged. I doubt the government will consider it a Loan. Wonder which country he is in.

[@CryptoTube]

Aussie boy

[@stringfellowhawk5361]

@@CryptoTube hope they come for him.

[@principleprofittrader]

@@stringfellowhawk5361 100

[@thepapervigilante2208]

The mansion will be his biggest nightmare

[@CryptoTube]

immoral or just playing the game?

[@principleprofittrader]

He should be arrested.

[@CryptoTube]

@@principleprofittrader he has now repaid the bad debt on llama lend. It's immoral in my book but not illegal.

[@principleprofittrader]

@@CryptoTube fair enough... price recovering a bit here

[@blockchainbreakdown2009]

I don't think he should face charges... he used his assets in a way that is very open and transparent...morally dubious (100%) this is something u as a crv holder should of and could have been aware of. Does it suck for the other protocols that are holding bad debt....yes, but shouldn't they also have limits in place to isolate this type of over extending of debt.

[@principleprofittrader]

@@blockchainbreakdown2009 screw him though, he is basically facilitating a rug pull

[@PaddlePartner]

crv is a mess right now

[@CryptoTube]

@@PaddlePartner yeah I’m thinking of buying some

[@enableivanon6500]

v adu etomu pidoru goret