Stream Finance Faces $93 Million Loss, Suspends Services

The cryptocurrency platform Stream Finance has announced a temporary halt to all deposits and withdrawals after suffering a devastating loss of approximately $93 million in assets. The platform cited an external fund manager’s investment losses as the cause, leading to concerns about asset security within the decentralized finance (DeFi) ecosystem. This incident serves as a cautionary tale for DeFi investors regarding potential vulnerabilities stemming from reliance on third-party management.