Stream Finance Halts Operations After Major Asset Loss

Stream Finance has suspended all withdrawals and deposits following a significant asset loss of $93 million. The company, a decentralized finance (DeFi) protocol, announced the suspension on Monday evening after an external fund manager uncovered this unexpected deficit in its assets. The platform stated that they are working to withdraw remaining liquid funds and expect this process to be completed soon. Pending deposits will not be processed during this period as well. The company pledged to provide periodic updates as more information becomes available. 😥