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Stream Finance Discloses $93M Loss, Suspends Operations Amid Investigation

Stream Finance Discloses $93M Loss, Suspends Operations Amid Investigation

Author:

Global Cryptocurrency

Published:

2025-11-04 07:30:03

13

3

BTCCSquare news:

Decentralized finance protocol Stream Finance faces a crisis after reporting a $93 million loss in managed assets. The platform has halted all withdrawals and deposits, engaging legal experts Keith Miller and Joseph Cutler of Perkins Coie LLP to investigate the incident. The suspension will persist until the full scope of the issue is determined.

The protocol's stablecoin, Staked Stream USD (xUSD), has depegged sharply, raising broader concerns about its stability. Stream Finance lacks a comprehensive transparency dashboard or Proof of Reserve, relying instead on a Debank Bundle LINK for on-chain disclosures—measures now deemed insufficient in light of the exploit.

By:

Stream Finance Suspends Transactions Following $93 Million Loss

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