YC-Backed DeFi company, Stablegains, is now facing a lawsuit after scamming $44M worth of users’ money by investing it in a coin called UST. The company initially claimed that the money was being invested in USDC and not UST. Now people are accusing the company of misleading or scamming customers about what the money was used for.
Read the full story here. (Timothy Craig/Crypto Briefing)