$CRV Founder Repays Frax Debt, Retrieves 7.5 Million $CRV Collateral, Potentially for OTC Trades
Bitget2023/08/01 07:03
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According to Twitter user dollar.eth's analysis, Curve Finance founder Michael Egorov has repaid Fraxlend and withdrawn 7.5 million $CRV as collateral, sending it to a new EOA wallet address.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.
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