They even advertised on the front page of the website that their customers' assets would "stay stable regardless of market conditions". Big oof!
That was the biggest shouting lie. They absolutely deserve the lawsuit for scamming their customers.
They're better off filing bankruptcy or trying to win the lawsuit.
Hopefully they will not win the lawsuit. There should be justice. Of course this will still not give back the lost money to the customers, but a scammer company should not win a lawsuit.
Fortunately/luckily I have nothing to do with Stablegains, but this company is a huge shame to the entire cryptocurrency world and to stablecoins.
They won't win. They'll try to find a way out though.
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They are already "out" (of business). The correct/proper move would be to declare/admit bankruptcy.
Yeah, that was what I was thinking. That at least saves them money they've already lost.
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