The lending protocol Aave tweeted, “will resolve the liquidation cycle that occurred today in the Aave protocol CRV pool. The liquidation was as successful as designed, but unfortunately the size of the position left some excess debt in the protocol. Last week Most of the accumulated CRV loans have been liquidated through the agreement liquidation process, but there are still 2.64 million CRV (approximately US$1.6 million) bad debts, less than 0.1% of the agreement loans. The Aave community and its contributors will discuss this incident According to previous news from Foresight News, the Ethereum address starting with 0x57E04 that shorted CRV was liquidated for nearly 6.4 million US dollars at around 21:30 yesterday.