On: YC W22 Stablegains is being sued for losing $42M in funds from 4878 customers

[soared]

Better link: https://stablegains.zendesk.com/hc/en-us/articles/6104159088...

I don’t know anything about stablegains but this reads like they just take money and put it into UST, so users lost 80% of their funds with the depeg. “This is something all users signed up for” -‘stable’gains