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[return to "YC W22 Stablegains is being sued for losing $42M in funds from 4878 customers"]
1. Mizza+Lc[view] [source] 2022-05-19 08:13:43
>>donsup+(OP)
The name "StableGains" sounded exactly like "SafeMoon", a heavily advertised pump-and-dump shitcoin that, unsurprisingly, was not safe, and did not go to the moon. Free money with no risk sure sounds appealing though, just don't think too hard about it.
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2. chii+le[view] [source] 2022-05-19 08:31:53
>>Mizza+Lc
to use an oxymoronic name like "safe moon" is a great tell that it's a scam. A coin cannot be safe - that is, riskless and stable in value -, but also go to the moon! So they probably looked up the thesaurus and found "Stable" and "Gain" as synonyms...
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