We Talk About The Stablegains/UST Fiasco, Bitcoin Impact, And Leicester LIVE!

May 24, 2022 00:33:34
We Talk About The Stablegains/UST Fiasco, Bitcoin Impact, And Leicester LIVE!
Crypto Talk Radio: Basic Cryptonomics
We Talk About The Stablegains/UST Fiasco, Bitcoin Impact, And Leicester LIVE!

May 24 2022 | 00:33:34

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Leicester

Show Notes

A decen project called Stablegains told investors it was backing everything with USDC.

After research, it was discovered that it was actually backed by UST.

This of course meant that a lot of people lost a LOT of money - to the tune of $44 million.

Stablegains is the subject of a class action lawsuit over the finding - but it's refusing to release funds unless people back off the lawsuit due to a single sentence in the terms & conditions.


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