Another electronic stable coin loses its peg, customers sue crypto exchanges

The stable-coin crisis shows no sign of abating. After losing millions of dollars, customers sued Coinbase alleging that the exchange “scammed” about the stability of Gyen, the stablecoin pegged to the Japanese Yen. On May 13, Kenneth Donovan and Hussien Kassfy filed a lawsuit against the largest cryptocurrency exchange in the US for misleading customers […]