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Michael Egorov Sells 34 Million Dollars in CRV and Repays Debts Worth Millions!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Michael Egorov has reportedly sold another 34 million CRV tokens, making approximately $42.41 million in total. Egorov is known for his involvement in the decentralized finance (DeFi) industry and has been actively managing various projects in the space. Along with this sale, he has also repaid $7.52 million of his debt on the Abracadabra protocol and $6.1 million on Aave. However, Egorov still has a remaining debt of $65.34 million. Despite this, his actions have renewed investors’ confidence in the DeFi industry, which has been going through a rough patch.

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