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Zenger
Zenger
Business
Murtuza Merchant

Crypto Research Firm Delphi Digital Warns Of Potential DeFi Implosion Amidst $100M Debt Concerns

DeFi Delphi Digital Crypto Curve Finance
UKRAINE - 2021/05/04: In this Photo illustration an Aptiv logo is seen on a smartphone screen with a Delphi Corporation logo in the background. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

Crypto research firm Delphi Digital raised concerns about the potential for a DeFi implosion triggered by the $100 million debt of Curve Finance (CRYPTO: CRV) founder, Michael Egorov.

In a series of tweets, the research firm stated that Egorov has a massive loan backed by approximately 427.5 million CRV tokens, which is about 47% of the entire circulating supply of CRV.

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