Stablegains Faces Lawsuit After Losing $44M on UST

  • Yield generation app Stablegains is facing a lawsuit after losing $44 million of users’ funds.
  • Stablegains could be facing a class-action lawsuit after the company lost more than $44 million of customers’ funds by investing them in Terra’s failed UST stablecoin.
  • Company held funds that totaled 47,611,058 UST from 4,878 depositors while requesting that the Stablegains wallet be included in any future compensation package given out to Terra users.

[Via]