Curve Founder Addresses CRV Liquidation Incident

According to Foresight News, Curve founder Michael Egorov has responded to the liquidation of 918,000 CRV tokens linked to his marked address. Egorov clarified that these tokens were stolen during the UwU Lend hack on June 10. He emphasized that, in this context, the tokens should not be considered 'real CRV' but rather as 'receipts for funds promised by Sifu to be repaid following the hack.' Earlier reports from Foresight News highlighted that the lending protocol UwU Lend suffered another attack in June this year, resulting in a loss of approximately $3.72 million in assets. This incident has raised concerns within the crypto community about the security measures in place for such platforms. The repeated breaches underscore the ongoing challenges faced by decentralized finance protocols in safeguarding user assets against sophisticated cyber threats.