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News
Stream Finance Suspends Operations After External Manager Reports $93M Loss
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Timmy Shen2d ago

Stream Finance Suspends Operations After External Manager Reports $93M Loss

DeFi protocol Stream Finance has halted all withdrawals and deposits following a $93 million asset loss reported by an external fund manager on Monday. The platform has engaged law firm Perkins Coie LLP to investigate the incident. Its stablecoin xUSD has depegged to $0.53.
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Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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