YC-backed DeFi startup Stablegains faces a lawsuit after losing $44M+ of users’ funds by investing them in UST, despite previously claiming it was using USDC

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ycbacked defi ust usdccraig

ycbacked defi ust usdccraig

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

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Daniel Harrison

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