Odaily News Michael Egorov, founder of Curve, said in a post on X: "The Curve Finance team and I have been working hard to solve the liquidation risk problem today. Many people know that all my loans have been liquidated. My position size is too large for the market to bear, resulting in $10 million in bad debts. Only the CRV pool on the Curve lending platform (lend.curve.fi) was affected. I have repaid 93% and plan to repay the remaining bad debts soon, which will help users avoid losses due to this situation."