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Michael Egorov clarifies the situation of liquidated CRV tokens after cyberattack

Egorov’s statement on liquidated tokens: Michael Egorov addressed the liquidation of 918,000 CRV tokens, asserting they are not legitimate CRV but receipts for funds promised by Sifu. This clarification aims to restore confidence in the token following the recent security breach.

Consequences of the UwU Lend hack: The UwU Lend hack on June 10 resulted in a loss of about 3.72 million USD, emphasizing significant cybersecurity challenges for decentralized finance protocols. This incident has raised alarms over the safety of assets in the crypto market.

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