Stream Finance: Suffered $93 million asset loss, withdrawals suspended and investigation launched
According to ChainCatcher, as stated in the official announcement, Stream Finance reported that an external fund manager disclosed a loss of approximately $93 million in Stream funds under their supervision. Stream has engaged Keith Miller and Joseph Cutler from the law firm Perkins Coie LLP to lead a comprehensive investigation.
Currently, Stream is withdrawing all liquid assets and has announced the suspension of all deposit and withdrawal operations. Further updates on the situation will be provided regularly. Earlier today, PeckShield stated that Staked Stream USD (XUSD) had depegged by about 23%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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