Huobi's Jun Du invests $4 million in CRV tokens from Curve founder Egorov.
Screenshot showing Jun Du’s 10 million CRV token transaction. Source: Etherscanhis support for Curve, highlighting his previous assistance during BendDAO’s liquidity crisis. Du said the existing challenges were transitory and that he believes the industry would benefit from collective support. Du is also the CEO of New Huo Tech, aEgorov took out a $100 million stablecoin loan using his own CRV stash as collateral.
However, theto Debank, Egorov has managed to repay over $17 million in stablecoin loans, leading to a marginal improvement in the overall health of the loans. However, he still faces a significant debt burden, with approximately $60 million in stablecoins owed on Aave, $12 million on Abracadabra and around $8 million on Inverse.
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