Design Flaw Left Aave With $1.7M in Bad Debt

An unidentified trader, believed to be Mango Markets exploiter Avraham Eisenberg, accumulated a roughly $50 million loan of CRV, the native token of Curve finance, over a period of six days. But rather than pay back the loan, the trader allowed $58 million in USDC collateral to be liquidated,…#aave #exploiteravraham #crv #avrahameisenberg #baddebt #usdc #usdccollateral #liquidationthreshold #borrowedcrv #debt

Source: Reuters: Health - November 22, 2022 Category: Consumer Health News Source Type: news