Despite this, the founder managed to salvage nearly $100 million from his $140 million in $CRV collateral.

A number of high-profile crypto figures have stepped in to buy Curve.fi founder Michael Egorov’s CRV tokens at a discount, to avoid the potential liquidation of $100 million worth of DeFi loans secured against them.

Automatic crypto exchange Curve was hacked and $50 million stolen. DeFi markets are experiencing massive volatility.