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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)
![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](https://premiumbusinesshub.com/wp-content/uploads/2023/03/Screenshot-2023-03-25T223654.875.webp)
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.