Stream Finance Halts Operations Amidst $93 Million Asset Loss

The DeFi platform, Stream Finance, has temporarily halted both deposits and withdrawals following a significant loss of assets. This decision comes as a result of the platform experiencing a substantial drop in its stablecoin, Staked Stream USD (XUSD), which fell to $0.51 from its intended dollar peg after a $100 million attack on the automated market maker Balancer. The unexpected halt has left many users seeking answers about what transpired and how this incident will be addressed. The platform has engaged legal experts Perkins Coie to thoroughly investigate the situation. [Continue reading for more details]**

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