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Stream Finance Halts Operations After $93 Million Loss Tied to External Fund Manager

Stream Finance Halts Operations After $93 Million Loss Tied to External Fund Manager

Author:

Global Cryptocurrency

Published:

2025-11-05 11:11:01

20

3

BTCCSquare news:

Stream Finance has suspended all deposits and withdrawals following a $93 million loss linked to an external fund manager. The protocol's stablecoin, xUSD, depegged sharply to $0.51 as user confidence eroded, triggering a 52% drop in total value locked to $98 million.

Legal counsel from Perkins Coie LLP has been retained to investigate the incident. The fund manager's misstep represents nearly 18% of Stream's $520 million deployed assets, raising questions about risk management in decentralized finance.

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