zlacker

[return to "YC W22 Stablegains is being sued for losing $42M in funds from 4878 customers"]
◧
1. dmitry+A3[view] [source] 2022-05-19 06:43:32
>>donsup+(OP)
YC invested in what was clearly an outright fraud? Or did they pivot do hard that nobody noticed?
◧◩
2. sdan+h4[view] [source] 2022-05-19 06:50:07
>>dmitry+A3
They were skimming yield(in return of a nice UI) on a risky yield asset with poor disclaimers and extremely reckless risk management systems
[go to top]