Curve founder: Unless UwULend purchases CRV and repays the bad debt, the liquidator will not be able to withdraw CRV

ChainCatcher news, regarding the matter that "Curve founder Michael Egorov's address has been liquidated for 2.67 million CRV on UwULend," Egorov himself responded on social media, stating that due to a previous hacking incident, there are currently no CRV tokens available in the UwULend protocol to support uCRV (the CRV deposit receipt token of UwULend). Although the liquidator obtained uCRV through liquidation, they can only withdraw CRV from the protocol after purchasing CRV on UwULend and repaying the bad debt. In this way, Egorov will also be able to withdraw the remaining deposits.

Egorov further stated that the current situation is that no one can withdraw funds from the hacked platform (UwULend) before the platform repurchases the funds (such as CRV, etc.).