Just Thinking

Wut crypto lmao
Enjoying this absurd

[Just Thinking @ThinkingJust79]

@SadlifeTv_ @jessepollak When is the airdrop? In 2030 I bet, and for Coinbase verified users only
I think RIP Base chain after that similarly to zkSync

[Just Thinking @ThinkingJust79]

@DefiMoon egorov is a scammer

[Just Thinking @ThinkingJust79]

@TamilCrypt0 this will be the end of Base L2 chain

[Just Thinking @ThinkingJust79]

@robinmoods @Redacted_John Lol fkn scumbag

[Just Thinking @ThinkingJust79]

@PrimordialAA Hahaha

[Just Thinking @ThinkingJust79]

@LayerZero_Core Now feel the heat scambags lol?

[Just Thinking @ThinkingJust79]

@PrimordialAA Lol nobody cares you screwed community and users

[Just Thinking @ThinkingJust79]

@WazzCrypto wen somebody sues egorov?

[Just Thinking @ThinkingJust79]

@reaIityobserver exactly lol

[Just Thinking @ThinkingJust79]

@0xSweep he now has a new crapvetoken - yb

[Just Thinking @ThinkingJust79]

Again this egorov mfer with his vetoken

[Sweep @0xSweep]

Curve's founder pulled $100 MILLION out of his own token to buy two Australian mansions and left holders with a token that dumped 98%

In 2023 Curve Finance founder Michael Egorov took out $100 million in stablecoin loans across Aave, Frax, Inverse, Abracadabra and other protocols

His collateral was 427 million CRV, which was 47% of the circulating supply of his own token

Lookonchain traced $31 million in stablecoins flowing from Egorov to Bitfinex in April 2023

One month later his wife bought a $41 million mansion in Melbourne, right next door to the $18 million home they had purchased the year before

That's $59 million in Australian real estate funded by loans against the token his own community was holding

In July 2023 Curve was hacked for $70 million through a Vyper bug, CRV crashed and his positions almost got liquidated

A liquidation would have created tens of millions in bad debt across Aave, Frax and other protocols and triggered a DeFi wide catastrophe

To avoid this Egorov sold 106 million CRV in OTC deals at $0.40 per token, well below the market price, to a roster that included Justin Sun, convicted felon Michael Patryn, Jeffrey Huang, DWF Labs and several anonymous wallets

He raised $42 million in stablecoins from these deals while community holders watched CRV dump

In April 2024 he had to do it again, selling another 159 million CRV in OTC to 33 different buyers for $63 million

In June 2024 CRV crashed 24% in 3 hours and he got fully liquidated for $140 million across 5 protocols

The liquidation created $10 million of bad debt that the community had to absorb

Ethereum developer Eric Conner did the math: "He got 100 million in stables out of a 140 million CRV position. He just transferred the rektage to the community instead"

Egorov's response was that he was "committed to building Curve more than ever" thanks to veTokenomics, meaning he locked his remaining CRV to keep control of governance

CRV is down 98% from its all time high and Egorov still owns the two mansions and the protocol

When the founder of your protocol uses your bag as collateral for his mansion, you're not an investor

You're his ATM

[Sweep @0xSweep]

Curve's founder pulled $100 MILLION out of his own token to buy two Australian mansions and left holders with a token that dumped 98%

In 2023 Curve Finance founder Michael Egorov took out $100 million in stablecoin loans across Aave, Frax, Inverse, Abracadabra and other protocols

His collateral was 427 million CRV, which was 47% of the circulating supply of his own token

Lookonchain traced $31 million in stablecoins flowing from Egorov to Bitfinex in April 2023

One month later his wife bought a $41 million mansion in Melbourne, right next door to the $18 million home they had purchased the year before

That's $59 million in Australian real estate funded by loans against the token his own community was holding

In July 2023 Curve was hacked for $70 million through a Vyper bug, CRV crashed and his positions almost got liquidated

A liquidation would have created tens of millions in bad debt across Aave, Frax and other protocols and triggered a DeFi wide catastrophe

To avoid this Egorov sold 106 million CRV in OTC deals at $0.40 per token, well below the market price, to a roster that included Justin Sun, convicted felon Michael Patryn, Jeffrey Huang, DWF Labs and several anonymous wallets

He raised $42 million in stablecoins from these deals while community holders watched CRV dump

In April 2024 he had to do it again, selling another 159 million CRV in OTC to 33 different buyers for $63 million

In June 2024 CRV crashed 24% in 3 hours and he got fully liquidated for $140 million across 5 protocols

The liquidation created $10 million of bad debt that the community had to absorb

Ethereum developer Eric Conner did the math: "He got 100 million in stables out of a 140 million CRV position. He just transferred the rektage to the community instead"

Egorov's response was that he was "committed to building Curve more than ever" thanks to veTokenomics, meaning he locked his remaining CRV to keep control of governance

CRV is down 98% from its all time high and Egorov still owns the two mansions and the protocol

When the founder of your protocol uses your bag as collateral for his mansion, you're not an investor

You're his ATM

[Just Thinking @ThinkingJust79]

@avi_eisen But why you failed to liquidate that scumbag egorov? he got liquidated later only

[Just Thinking @ThinkingJust79]

@LoringHarkness @StaniKulechov Once a scam always a scam lol

[Just Thinking @ThinkingJust79]

@Fiskantes Egorov is a fkn scumbag more like Do Kwon kind of defi

[Just Thinking @ThinkingJust79]

This Egorov mfer is smth else lol

[fiskantes ⭐️🩸 @Fiskantes]

- takes out massive Aave loan against his CRV bags
- uses it to buy luxury real estate
- CRV dumps, Aave gets into bad debt
- industry rallies to bailout Aave
- later on another Aave bad debt, industry rallies again
- schools everyone on what should be done
- is asked for financial contribution
- "nah, I'd need to sell a kidney"

[fiskantes ⭐️🩸 @Fiskantes]

- takes out massive Aave loan against his CRV bags
- uses it to buy luxury real estate
- CRV dumps, Aave gets into bad debt
- industry rallies to bailout Aave
- later on another Aave bad debt, industry rallies again
- schools everyone on what should be done
- is asked for financial contribution
- "nah, I'd need to sell a kidney"

[Just Thinking @ThinkingJust79]

@PrimordialAA LOL scammer

[Just Thinking @ThinkingJust79]

@MrCampbell @AcrossProtocol Those were drop farmers, now he's alone (screwed them)
You can eat him alive lol

[Just Thinking @ThinkingJust79]

@shafu0x Lol
but why you were in defi before?
Wasn't it all clear before?