Stream Finance’s $93M Meltdown: What Went Wrong Behind the Sudden Freeze on Your Funds?

Stream Finance’s $93M Meltdown: What Went Wrong Behind the Sudden Freeze on Your Funds?

Ever wondered how a $93 million setback can cause a DeFi powerhouse to slam the brakes on all withdrawals and deposits? Stream Finance, known for its cutting-edge strategies that turbocharge capital efficiency and yield, has hit a stormy patch after an external fund manager revealed a massive loss in their funds. Now, with millions frozen and an investigation underway led by legal heavyweights at Perkins Coie, the crypto world is holding its breath. This incident isn’t just a blip — it’s a wake-up call about the fragility and volatility that lurks beneath the dazzling surface of decentralized finance. Buckle up as we unravel what went wrong and what’s next for Stream’s shaken ecosystem. LEARN MORE


Stream Finance halts withdrawals and deposits following $93M loss

Pending deposits will not be processed until an investigation clarifies the situation.

Stream Finance reports $93M loss, pauses withdrawals and deposits

Key Takeaways

  • An external fund manager responsible for managing a portion of Stream’s funds disclosed a loss of approximately $93 million in assets.
  • Stream is working with Perkins Coie to investigate the cause and scope of the loss.

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Stream Finance, which runs DeFi strategies designed to boost capital efficiency and yield performance, has temporarily suspended all withdrawals and deposits after an external fund manager reported a $93 million loss in Stream’s funds.

The company is currently withdrawing all liquid assets and is conducting a thorough investigation led by Keith Miller and Joseph Cutler from Perkins Coie. Stream is committed to maintaining transparency and will provide periodic updates during the investigation.

According to CoinGecko data, Staked Stream USD (XUSD) fell sharply following Stream’s disclosure, plunging from $0.9 to $0.3. The token was trading above $0.4 at press time, down 68% in the last 24 hours.

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