The founder of Curve Finance (CRV), one of the largest decentralized finance (DeFi) projects, sent millions of CRVs to the stock market.
According to blockchain data, Curve Finance founder Michael Egorov joined the cryptocurrency exchange Binance. 2.5 million CRV ($1.54 million) at $0.62 sent.
According to CoinGecko data, CRV, which appreciated by 5 percent in the last seven days, lost some of these gains in the last 24 hours and fell to $ 0.61 with a decrease of 2.8 percent.
Curve Finance, an Ethereum-based decentralized exchange, is locked on the platform, according to Defi Llama data. $1.6 billion in assets It is among the largest DeFi platforms.
Michael Egorov has transferred a total of 23.5 million CRV tokens worth $14.5 million sent.
ParaFi Capital, Framework Ventures and 1kx named Egorov He sued him for fraud. However, the court in California dropped the case on the grounds that Egorov did not live there on the dates when he allegedly committed the crime.
Egorov’s lawyer, “We expect Michael to prevail in the courts in Switzerland.” said.