Stream Finance: Suffered a $93 million asset loss, has suspended withdrawals and initiated an investigation.

GateNews

2025-11-04 04:07:18

PANews, November 4th news, according to the official announcement, Stream Finance stated that an external fund manager disclosed a loss of approximately 93 million dollars in the Stream funds it supervises. Stream has hired attorneys Keith Miller and Joseph Cutler from the law firm Perkins Coie LLP to lead a comprehensive investigation. Currently, Stream is extracting all liquid assets and has announced the suspension of all deposit and withdrawal operations, and will provide regular updates on related progress. Earlier today, PeckShield stated: StakedStreamUSD (XUSD) has depegged by about 23%.

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