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Stream Finance Pauses Trading After $93 Million Exploit

Stream Finance Pauses Trading After $93 Million Exploit

Author:

Global Cryptocurrency

Published:

2025-11-04 15:07:01

16

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BTCCSquare news:

Stream Finance has suspended all deposit and withdrawal activities following a $93 million security breach. The platform's stablecoin, Staked Stream USD (XUSD), depegged to $0.51, triggering widespread investor恐慌.

The exploit was first detected by an external fund manager, prompting Stream Finance to engage Perkins Coie lawyers for investigation. Users reported irregularities before the official announcement, noting sudden transaction halts and XUSD's deviation from its peg.

This incident marks another vulnerability in decentralized finance systems, particularly affecting algorithmic stablecoin mechanisms. Market observers note the breach could temporarily dampen sentiment toward yield-bearing stablecoin products.

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