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YC-backed DeFi startup Stablegains faces a lawsuit after losing $44M of users' funds by investing them in UST, after earlier claiming it was investing in USDC (Timothy Craig/Crypto Briefing)

Photo of Grace Will Grace Will May 20, 2022
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Timothy Craig / Crypto Briefing:

YC-backed DeFi startup Stablegains faces a lawsuit after losing $44M of users’ funds by investing them in UST, after earlier claiming it was investing in USDC  —  Stablegains has been accused of misleading customers about where their money was going.  —  Key Takeaways



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