May 14th stablegains gave me access to transfer what UST I had at that moment of that day. BY stablegain record this is what they recorded…

How Y Combinator and Stablegains ruined my life….

how did we get here. In February 2022 Stable gains began advertising online via Facebook and Google searches..

The beginning. Key takeaways. 15% APY on deposits got in with Y Combinator registered with FinCen.

Consumer due diligence - pre investment. March, 20th 2022 I emailed Stablegains directly Asked the following difference between themselves and other apps compared to Voyager which I was currently using Emil - one of the founders replied see email thread.

Consumer due diligence - pre investment continued.

Consumer Due Diligence - Who is Y Combinator.

Who is Y Combinator. Top companies Y Combinator has been involved with.

Who is Y Combinator. Positive reviews from the community.

Who is Y Combinator. “Closely Involved and crucially helpful”.

Per Y Combinator - they are very involved with a company’s development Interviews and selects 2 batches Seed money, advice, and connections “office hours” - where startup founders meet individually and participate in group meetings YC teachs how to market, refine team and business model.

Consumer due diligence - final thoughts If stable gains is backed by Y Combinator, a reputable start up accelerator and helps mentor and guide young companies to be reputable - then Stablegains is now worth looking into as well.

Consumer due diligence - Stablegains. Leading marketing strategy 15% APY.

Consumer due diligence - Stablegains. How are my funds protected.

Consumer due diligence - Stablegains. How risk is mitigated.

Consumer due diligence - Stablegains. Final Thoughts.

Stablegains - beginning of the end. March 25, 2022 Funds withdrawn from Voyager into Stablegains Funds deposited into Stablegains until the end of April 2022 actual transfers from personal account.

Stablegains - beginning of the end. Account Balance May 2, 2022.

Stablegains - beginning of the end. Slide 14–>. May 9, 2022 Volatility in the market Stablegains makes an admission “Anchor is the asset that is deposited and borrowed” funds are being affected Withdrawls were paused white the “stablecoin” collapsed Different statements from its marketing efforts.

Stablegains -updating consumers POST market Volatility.

May 12th Stablegains - updates learning pages. Now there are 2 main coins they use: USDC and UST.

May 12 2022 Stablegains - updates customer balance page.

May 14, 2022 Stablegains gives customers access to transfer remaining “UST” By their record, this was the current value of my investment.

Stablecoins Fallout. Life savings disintegrated Dark thoughts ensued Mental anguish Thoughts of possible family break up Exercised due diligence prior to initial investment, still ended up a victim to fraud.

Stablecoins Fallout. I was one of many who suffered at Stablegains Collapse Audio of Stablegains Customers who lost it all many different paths of life and consumer due diligence, same outcome.

Post Collapse Thoughts Who is really at fault. Stablegains founders were young and hungry entering a new space They could not have lost $47+ million in customer funds without proper mentoring, counseling and funding All edits to their platform post collapse were strategic, they KNEW what they misled investors about Likelyhood that they were guided on what to change in order to mitigate risk their own risk and their investors Why go after Stablegains? They don’t have the customers money.

Stabelgains + Y Combinator. Stablegains used Y combinator to establish credibility and prestige when marketing their business Responsibilities Y Combinator had as a Start up Accelerator Mentorship and guidance Due Diligence - expected to conduct this before selecting a start up for their program Did they knowingly allow Stablegains to use lie about their claims of mitigating their risk? Post Program support assisting start-ups navigating post-accelerator challenges Were they also involved in the post-depegging scramble where they scrubbed their pages with new language? Accelerators should provide guidelines on how they represent them in pubicly.

The case against Y combinator. Y Combinator Failed to exercise due diligence that directly contributed to Stablegains failure (or was purely negligent) how could such a flagrant misrepresentation of Risk Mitigation happen without Y Combinator knowing through their lauded accelerator program FAQ pages and marketing efforts dedicated to promoting the fraud Y Combinator should take accountability for their role in supporting Supporting Startups is risky to begin with - there is no way Stablegains didn’t not know about the misrepresentations and/or play a hand in guiding Stable Gains to make the claims it did during its marketing efforts Legally this can fall in a few categories Negligence - not playing their part in fully vetting the fraud that Stablegains was committing, yet enabling them to cause the harm Fraud/Misrepresentation - Knowingly allowing Stablegains to misrepresent their business model with false statements that led to harm to consumers Consumer Protection Laws- Stablegains deceived consumers about their business model to bring harm to consumers Tort Liability - $40+ million in losses to Americans from all walks of life.

what of it? after thoughts - Who is really at fault Y COMBINATOR.

Objective. Hold Y Combinator Accountable Make the claims mentioned Get principle investment + promised interest to date (15% APY on 320K since May 2022) + damages ongoing psychological trauma Get justice and peace of mind.

Thank you for making it this far. If willing to provide counsel on a contingency please contact me: Steve Insall (323) 459-8169 [email protected].

References/ sources. Slide 2 and 3 - https://www.facebook.com/ozblogs/posts/Stable Gainscom-is-a-crypto-interest-account-thats-been-paying-15-apy-on-deposits/1361129254326633/ Slide 7 - https://thehustle.co/11182020-y-combinator Slide 8 •https://www.ycombinator.com/about slide 9 •https://www.ycombinator.com/ slide 10 - https://en.wikipedia.org/wiki/Y_Combinator#Programs Slide 29 - https://forum.effectivealtruism.org/posts/5mghcxCabxuaK4WTs/ycombinator-fraud-rates.