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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(Timothy Craig/Crypto Briefing)
![Stablegains](https://fusionpowertech.com/wp-content/uploads/2023/02/Screenshot-2023-02-20T192551.832-1.png)
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…