The crypto space is witnessing many lawsuits regarding losses of investors’ funds on different platforms. Most cases are related to the misuse and diversion of customers’ funds and the false promotion of crypto tokens to gain investors’ trust.
A recent lawsuit involves a decentralized finance yield platform, Stablegains, and its customers. Investors alleged that the platform diverted investors’ money to another firm and also carried out a false promotion.
Crypto Firm Stablegains Sued For Seeking Personal Gains
Stablegains is facing a lawsuit from some investors who alleged that the platform misled its customers by falsely promoting their products and services. Also, the case accused the DeFi platform of seeking personal gains with investors’ money. These actions led to losing users’ funds and the platform’s closure.
Alec and Artin Ohanian filed the case in the US District Court for the Central District of California on February 18. The plaintiffs stated that Stablegai
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