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.

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.

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Registered company.

They have updated the article after UST crash. All of there holdings were in UST.

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OUCH

It gets worse, you thought they would have changed after the crash well no

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https://preview.redd.it/pe3d9bbwxf091.png?696&format=png&auto=webp&s=e9664ec228e29547d4eec35d4ca145263536698c

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They updated their site after UST crash.

Source: https://twitter.com/FatManTerra/status/1527153694218797058