According to Foresight News, DWF Labs transferred 500,000 USDT to Michael Egorov, the founder of Curve, nine hours ago. Approximately two hours later, Egorov converted all the USDT into 826,764 CRV at a price of $0.605 per unit.

On August 1, 2023, DWF Labs purchased 12.5 million CRV from Michael Egorov at an off-market price of $0.4 per unit, spending a total of 5 million USDT. DWF Labs continues to hold these tokens, which are currently valued at $7.6 million and rank second in their investment portfolio.