Stablegains (YC W22) customers were defrauded out of $40M (opens in new tab)

>Finally, as a result of recent events, we have decided to discontinue the Stablegains service beyond the end of June 2022.

>On July 1, 2022, we will stop supporting the Stablegains service. The mobile app will be delisted from App Stores, the web interface will be taken offline, and it is very likely we will not be able to support withdrawals after that time.

[1]https://blog.stablegains.com/were-discontinuing-the-stablega...

Edit: Also, closing a business doesn't mean that you can no longer be held accountable for what happened while your business was opened. Statute of limitations and whatnot (IANAL) may differ from state-to-state, but allowing a business to be immune from prosecution simply because they closed would be one hell of a gaping legal loophole. It'd be like not prosecuting someone for theft or murder because they had stopped stealing or murdering lol.