YC-backed DeFi Begin 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
The DeFi industry has been booming in recent years, with many startups emerging to offer investors lucrative returns on their cryptocurrency investments. However, not all of these ventures have been successful, as evidenced by the recent lawsuit faced by YC-backed Stablegains. The company reportedly lost over $44 million of users’ funds after investing them in … Read more