Yield platform Stablegains sued for selling UST: Finance Redefined

Yield platform Stablegains sued for promoting UST: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of significant decentralized finance (DeFi) insights — a newsletter crafted to pronounce you vital developments over the final week.

The backlash from the Terra implosion mild haunts the crypto world, with the now-shuttered stablecoin yield platform Stablegains being sued for buyer losses. The plaintiffs voice that the platform funnelled buyer funds into Anchor Protocol without users’ details or consent.

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