Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more... By Cointelegraph

Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more...

Cryptocurrency May 20, 2022 03:00AM ET

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Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more...

Fallout from the collapse of the Terra ecosystem continues to unfold with the United States-based yield generation app Stablegains facing potential legal action over its losses from the event.

Users believe Stablegain has allegedly lost up to $44 million worth of deposited funds based on a post on a Terra forum by co-founder Kamil Ryszkowski asking for relief funding. He disclosed that a day before TerraUSD (UST) had lost its peg with the U.S. dollar its users’ funds totaled over 47.6 million UST from 4,878 depositors.

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Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more...

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