Stablegains in hot water after losing more than $40M due to Terra’s collapse

Yield app Stablegains faces allegations of misusing clients’ money — and possibly a lawsuit — after losing more than $42 million, which it had invested in UST via Anchor protocol without informing clients.

The post Stablegains in hot water after losing more than $40M due to Terra’s collapse appeared first on CryptoSlate.

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Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more...

Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said it allocated funds “across a number of stablecoins”.

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Yield App Stablegains Faces Lawsuit After Losing $44M on UST

Yield generation app Stablegains could be facing a class-action lawsuit after the company lost more than $44 million of customers funds by investing them in Terras failed UST stablecoin. Stablegains...

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