“While some have claimed that the Curve OTC deals decentralize the token, most of the traders are whales or institutional firms,” Nick Ruck, COO of Defi Protocol ContentFi Labs told CoinDesk. “It’s not necessarily a bad thing for DeFi but it enables risky behavior or protocol founders to expect the industry to save themselves from contagion stemming from an irresponsible loan.”
Source: https://www.coindesk.com/business/2023/08/03/curve-founder-still-owes-80m-despite-raising-nearly-30m-in-past-two-days/?utm_medium=referral&utm_source=rss&utm_campaign=headlines