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2026-07-04 13:49:11

Mochi Finance founder offloads 550K CVX as fraud claims deepen across DeFi

Mochi Finance founder Azeem Ahmed sold 550,000 CVX for $946K, causing a 10% price drop. The tokens originated from a 2021 Curve pool drain causing over $54M in losses. He faces fraud allegations across multiple DeFi projects, with diverted rewards exceeding $8M. The sale signals potential further liquidation.

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Mochi Finance founder offloads 550K CVX as fraud claims deepen across DeFi
2026-07-04 13:49:11

Mochi Finance Founder Dumps 550K CVX as DeFi Fraud Allegations Deepen

Mochi Finance founder Azeem Ahmed sold 550,285 CVX for ~$946K, triggering a 10%+ drop. The tokens originate from a 2021 Curve pool exploit linked to $54M in losses. He faces fraud claims across four DeFi projects, with further sales posing liquidity risks to CVX.

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Mochi Finance Founder Dumps 550K CVX as DeFi Fraud Allegations Deepen