BladeRunner0x
393 posts





Curve's founder pulled $100 MILLION out of his own token to buy two Australian mansions and left holders with a token that dumped 98% In 2023 Curve Finance founder Michael Egorov took out $100 million in stablecoin loans across Aave, Frax, Inverse, Abracadabra and other protocols His collateral was 427 million CRV, which was 47% of the circulating supply of his own token Lookonchain traced $31 million in stablecoins flowing from Egorov to Bitfinex in April 2023 One month later his wife bought a $41 million mansion in Melbourne, right next door to the $18 million home they had purchased the year before That's $59 million in Australian real estate funded by loans against the token his own community was holding In July 2023 Curve was hacked for $70 million through a Vyper bug, CRV crashed and his positions almost got liquidated A liquidation would have created tens of millions in bad debt across Aave, Frax and other protocols and triggered a DeFi wide catastrophe To avoid this Egorov sold 106 million CRV in OTC deals at $0.40 per token, well below the market price, to a roster that included Justin Sun, convicted felon Michael Patryn, Jeffrey Huang, DWF Labs and several anonymous wallets He raised $42 million in stablecoins from these deals while community holders watched CRV dump In April 2024 he had to do it again, selling another 159 million CRV in OTC to 33 different buyers for $63 million In June 2024 CRV crashed 24% in 3 hours and he got fully liquidated for $140 million across 5 protocols The liquidation created $10 million of bad debt that the community had to absorb Ethereum developer Eric Conner did the math: "He got 100 million in stables out of a 140 million CRV position. He just transferred the rektage to the community instead" Egorov's response was that he was "committed to building Curve more than ever" thanks to veTokenomics, meaning he locked his remaining CRV to keep control of governance CRV is down 98% from its all time high and Egorov still owns the two mansions and the protocol When the founder of your protocol uses your bag as collateral for his mansion, you're not an investor You're his ATM

curve ($CRV) USDC/USDT pool did $18.4b in volume Q1 2026. the stablecoin market is permanently splitting along geographic lines. western compliance rails demand USDC, asian OTC and tron networks run USDT. chinese desks moved $47b USDT vs $8b USDC last quarter alone. as this bifurcation hardens, the swap layer between the two becomes the most critical piece of infrastructure in crypto. fidelity custody launching USDC-only, coinbase already dropped USDT in 17 states, but 63% of global USDT volume still runs through binance. two parallel stablecoin economies need a bridge. curve is that bridge and the fragmentation is accelerating not resolving




Guys. It was staged. We’re not stupid. Well, not all of us anyway. They’ve figured out the only thing that shifts public opinion is the idea of an assassination attempt. There are going to be many fake claims at pivotal political moments, for the rest of his term. Bookmark this. It’s near certain.





















🇺🇸🇮🇷 The U.S. Navy boarded and seized an Iranian-flagged vessel in the Arabian Sea yestarday. The M/V Touska tried to run the blockade. It didn't get through. This is now a daily pattern. Iran probes. The U.S. intercepts. Neither side is backing down. The blockade is a pressure valve. Every ship Iran loses is a message to Tehran that the economic squeeze is real and enforceable at sea. Source: CENTCOM











🇺🇸 The U.S. is borrowing at historic rates to fund a war whose real bill hasn't arrived yet. The U.S. posted a $164 billion deficit in March alone. Adjust for shifted benefit payments and the real number was $250 billion. Through the first 6 months of fiscal 2026, the total hole is $1.17 trillion, the 3rd worst first-half deficit in American history. The other two were COVID and 2008. Here's what makes that number genuinely alarming rather than just large. Military outlays in March were only up 3% year over year. The Iran war hasn't meaningfully hit the federal ledger yet. The carrier deployments, the munitions burn rate, the naval blockade, the mine-clearing operations in the Strait... none of it has fully landed. It's coming. Layer on top of that oil approaching triple digits feeding into every government contract and logistics operation, a strategic reserve that costs money to replenish, and tax receipts getting crushed by an economic slowdown. Trump's own economic adviser Steve Moore warned this weekend that without securing the Strait immediately the whole world economy could tip into recession. $1.17 trillion is the first-half bill. The second half hasn't started. @KobeissiLetter













