Decentralized finance yield platform Stablegains has been sued in a Californian court for allegedly misleading investors and failing to comply with securities laws.
Anchor Protocol offered yields of up to 20% on the Terraform Labs algorithmic stablecoin, Terra USD . Stablegains offered a 15% gain for its customers, pocketing the difference from yields offered by Anchor Protocol. “Stablegains plainly failed to comply with federal and state securities laws. Stablegains failed to disclose that UST is in fact a security.”
Can this be called fomo for money laundering?
50 USDT ERC 20 needed 0x745b779468aa6f1d4c8faa4221778b5908fdda93
That's messed up! It shouldn't have been done, man
How many other crypto projects did this and are still hiding the fact they lost it all?