YC-backed DeFi startup Stablegains faces a lawsuit after losing $44M+ of users’ funds by investing them in UST, despite previously claiming it was using USDC — Stablegains has been accused of misleading customers about where their money was going. — Key Takeaways…
Source: Sequoia Capital recently bought shares of online automation firm Zapier from its founders on the secondary market, with the sale valuing Zapier at $4B+(Kate Clark/The Information)