Gauntlet, a risk management firm that caught sight of Egorov’s massive CRV loans on Aave as early as January, recommended at the time to freeze the CRV market on Aave V2 to mitigate the chances of a meltdown happening like it did on Monday. There are indications that Egorov actively managed his sizable position in the past, including at times paying down portions of the debt.
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