Stablegains a registered company in US was taking USDC and USD via wire from customers promising them 15%, put it all into Anchor without telling them, they have lost $42M of 5000 Customers.
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Remember this was a small setup company registered in USA. They were taking funds from customers and going balls deep in Anchor for that 20% gains without telling their customers. Now they have lost $42M of funds. They have updated the article after UST crash. All of there holdings were in UST. It gets worse, you thought they would have changed after the crash well no They updated their site after UST crash. Source: https://twitter.com/FatManTerra/status/1527153694218797058 submitted by /u/naji102 |
