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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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We suggest that if you're interested in XRP, XLM, ETC or BCH, you choose a different wallet for your money. We also feel that...
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