Stablegains
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StableGains, a DeFi project invested by YC, was sued for allegedly misleading investors when promoting UST
On February 20, YC’s DeFi project Stablegains was sued in the California court for allegedly misleading investors and failing to comply with the securities law. On February 18, the plaintiffs Alec Ohanian and Artin Ohanian filed a lawsuit in the United States District Court in the central district of California. They said in the statement that Stablegains transferred all customer funds to Anchor Protocol without the customer’s knowledge or consent. The complaint said: “As an early supporter and investor of Terraform Labs, Stablegains is very familiar with UST and LUNA….
