Curve Founder Michael Egorov Wins Major Legal Victory Against VC Firms
- Editor
- Feb 6
- 1 min read
What's Happening: The California Court of Appeal has upheld a significant legal victory for Michael Egorov, founder of DeFi exchange Curve Finance, in a long-running dispute with three venture capital firms. The court dismissed the VC firms' appeal, affirming that California lacks jurisdiction over the matter due to the investment agreements specifying Swiss jurisdiction.
The Key Moves:
The dispute began in 2020 between three VC firms and Swiss Stake GmbH, launched by Egorov to support Curve Finance's development.
In September 2023, the San Francisco County Superior Court ruled that California lacked jurisdiction, as the investment agreements specified Swiss jurisdiction.
The California Court of Appeal dismissed the VC firms' appeal, stating they did not produce sufficient evidence to justify re-investigation.
By The Numbers :
The legal dispute persisted for over 4 years, from 2020 to 2025.
Three venture capital firms were involved: ParaFi Digital Opportunities LP, Framework Ventures, L.P., and 1kx LP.
The official case was filed in October 2022.
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The Bottom Line: This legal victory marks a significant win for Michael Egorov and Curve Finance, reaffirming the platform's legal stability in the DeFi space. The dismissal of the appeal puts an end to a lengthy dispute, allowing Egorov to clear his name and focus on the continued development of Curve Finance.
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