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Token CRV

Aug 01, 2023

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SOC Team

Curve Finance's founder sold $CRV after hack

Outflow

Related addresses

Total tokens transferred

Token CRV

34.5M

CRV

Token USDT

13.8M

USDT

After the hack, Curve Finance's founder has sold 34.5M $CRV for 13.8M $USDT in total at $0.4 via OTC over the past 6 hours, including:

  • 3.75M CRV for $1.5M USDT to Machi Brother 50 minutes ago (TXID here)
  • 2.5M CRV for $1M USDT to Cream: Multisig 1 hour ago (TXID here)
  • 12.5M CRV for $5M USDT to DWF Labs 1 hour ago (TXID 1 and TXID 2)
  • 4.25M CRV for $1.7M USDT to dcfgod 2 hours ago (TXID here)
  • 2.5M CRV for $1M USDT to Wintermute 2.5 hours ago (TXID here)
  • 5M CRV for $2M USDT to Justin Sun 3 hours ago (TXID here)
  • sales of $CRV may continue, want to watch out for any price changes!
  • check out the dashboard for further sales here
  • check previous signal about the hack here

 

Notably, due to the $CRV price drop from the sell-off post-hack, the Curve founder's portfolio suffered a huge setback:

  • pre-hack: hovered ~$225M, mainly in $aCRV.
  • post-hack on July 30: reduced to $197M
  • aug 1: further dropped to $167M
  • total change: -$57M

 

Addresses:

Fig 1. Addresses of $CRV buyers.

 

Fig 2. The current balance of Curve Finance's founder's portfolio.

#crv
#acrv
#curve finance
#sales
#justin sun
#wintermute
#dwf labs
#Dcfgod
#Machi Brother
#Cream