Curve Founder Blasts Memecoins for Tarnishing Crypto, Hurting DeFi and Bitcoin

Curve Finance is a major decentralized finance (DeFi) protocol. Its founder, Michael Egorov, says memecoins often rely on hype and are repeatedly linked to fraud and price manipulation. This leads people outside the sector to equate high-risk speculation with the entire crypto industry, undermining the credibility of Bitcoin and DeFi in the process.

In his latest public criticism, Egorov called memecoins the main force destroying cryptocurrency’s image. Bitcoin and DeFi projects such as Curve Finance did not benefit from the boom but have shared the resulting loss of trust. The available information did not disclose when the comments were made, which projects were involved, the amounts lost by victims or any figures for broader market losses.