Curve Finance founder Michael Egorov is attempting to offload some of his DeFi positions to alleviate his mountain of debt, but some have highlighted his liquidity sources.
On Aug. 1, Nansen research analyst Sandra Leow posted a list of liquidity sources for Egorov’s Curve DAO (CRV) positions.
According to Leow, Egorov sold around 50 million CRV tokens over the counter to several buyers at a below-market rate of $0.40 per token. The sale includes a three to six-month vesting agreement or they can be sold should prices reach $0.80.
The Curve OTC War updates:
17.5M CRV to 0xf51
5M CRV to Justin Sun
4.25M CRV to DCFGod
2.5M CRV to Ox4d3
2.5M CRV to DWF Labs
2.5M CRV to Cream: Multisig
1.25M CRV to 0xcb5
3.75M CRV to machibigbrother.eth
250k CRV to 0x9bf— Sandra (@sandraaleow) August 1, 2023
Some of the bigger players involved include Tron founder Justin Sun, who was recently sued by the United States Securities and Exchange Commission.
Other notable buyers included tech entrepreneur Jeffrey Huang, better known as “MachiBigBrother” who Twitter personality ZachXBT accused of embezzling 22,000 Ether (ETH), currently valued at over $41 million, over several projects. Huang has denied the claims and sued ZachXBT for defamation.
DWF Labs, an investment…
