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A comment on TerraUSD crash led to vanished savings, shattered dreams. Parent comment

Re:TerraUSD crash led to vanished savings, shattered dreams by musicale on Wednesday June 22, 2022 @01:34AM (#31832402)
I'd never heard of stablegains before. So it was basically YC-funded fraud?
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Re:TerraUSD crash led to vanished savings, shattered dreams by tim333 on Wednesday June 22, 2022 @07:33AM (#31834622)
Ah - I didn't know it was YC but it seems it is https://news.ycombinator.com/item?id=31431224

Though it's not clear that it's fraud more so than selling imaginary internet money like bitcoins for cash is.

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Re:TerraUSD crash led to vanished savings, shattered dreams by digianarchist on Wednesday June 22, 2022 @08:48AM (#31835366)
Not sure about everyone else but without a business plan or utility that still sounds like defrauding investors to me.
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