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$CRV Founder Repays Frax Debt, Retrieves 7.5 Million $CRV Collateral, Potentially for OTC Trades

$CRV Founder Repays Frax Debt, Retrieves 7.5 Million $CRV Collateral, Potentially for OTC Trades

Bitget2023/08/01 07:03

According to Twitter user dollar.eth's analysis, Curve Finance founder Michael Egorov has repaid Fraxlend and withdrawn 7.5 million $CRV as collateral, sending it to a new EOA wallet address. Subsequently, he received USDT from an unknown address, suggesting the possibility of multiple over-the-counter (OTC) transactions.

Based on the calculation of 2.5 million CRV per 1 million USDT, the OTC price is estimated to be $0.4.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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