Stream Finance: Suffered $93 million asset loss, withdrawals suspended and investigation launched

According to ChainCatcher, as stated in the official announcement, Stream Finance reported that an external fund manager disclosed a loss of approximately $93 million in Stream funds under their supervision. Stream has engaged Keith Miller and Joseph Cutler from the law firm Perkins Coie LLP to lead a comprehensive investigation.

Currently, Stream is withdrawing all liquid assets and has announced the suspension of all deposit and withdrawal operations. Further updates on the situation will be provided regularly. Earlier today, PeckShield stated that Staked Stream USD (XUSD) had depegged by about 23%.