Home Tech News 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)

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)

Katherine Jan 09, 2023 0 Comments

ycbacked defi stablegains 44m usdccraig cryptobriefing

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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About the Author: Katherine

Katherine is a passionate digital nomad with a major in English language and literature, a word connoisseur who loves writing about raging technologies, digital marketing, and career conundrums.

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