Stream Finance Halts Operations After $93M Loss in Assets

Decentralized finance platform Stream Finance has suspended deposits and withdrawals after an external fund manager discovered a significant loss of assets. The team announced the suspension on Monday, citing a $93 million shortfall in funds managed by the fund manager. ⚡️ 🚨 The loss is believed to have triggered the decision. Stream’s legal team from Perkins Coie has been retained to investigate the incident. 🕵️‍♂️