Stream Finance Loses $93 Million, Operations Halted Amidst Depeg Concerns

Decentralized finance (DeFi) platform Stream Finance announced a significant financial loss of approximately $93 million from its managed assets. Following the revelation by an external fund manager late Monday, all withdrawals and deposits were temporarily suspended. The firm has engaged legal experts Keith Miller and Joseph Cutler from Perkins Coie LLP to conduct a thorough investigation into the cause of the losses. 5/ Stream Finance does not currently maintain a comprehensive transparency dashboard or Proof of Reserve; however, it publishes a link to a Debank Bundle that shows its on-chain positions.