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Yield platform Stablegains sued for promoting UST as a ‘safe’ investment

The now-shuttered stablecoin yield platform is being sued for customer losses after allegedly funneling customer funds into Anchor Protocol without users’ knowledge or consent.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Yield platform Stablegains sued for promoting UST as a ‘safe’ investment

The now-shuttered stablecoin yield platform is being sued for customer losses after allegedly funneling customer funds into Anchor Protocol without users’ knowledge or consent.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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