Stream Fund Faces $93 Million Loss: Legal Investigation & Temporary Withdrawal Suspension

Stream has announced a significant loss of approximately $93 million in its investment funds, according to Foresight News. The company subsequently engaged legal counsel from Perkins Coie LLP, led by partners Keith Miller and Joseph Cutler, to conduct an in-depth investigation into the incident. Stream is proactively withdrawing all liquid assets, with this process expected to be completed shortly. To facilitate transparency and address potential concerns, they have committed to providing regular updates as more details become available. Until a complete understanding of the loss and its cause emerges, withdrawals and deposits will be temporarily suspended, preventing new applications for deposit. This measure aims to minimize disruption while the company assesses the situation thoroughly.