‍Stream Finance Halts Operations Amidst $93 Million Loss and Stablecoin Depeg Concerns Decentralized finance (DeFi) platform Stream Finance has temporarily suspended deposits and withdrawals due to a $93 million asset loss, reported by an external fund manager. An investigation by legal firm Perkins Coie is underway. The platform's stablecoin, Staked Stream USD (XUSD), has depegged significantly, falling to $0.51. This occurred amidst community concerns about unexplained pauses and a potential link to a Balancer exploit. Stream Finance had also previously addressed discrepancies in its Total Value Locked (TVL) reporting, highlighting the complexities and risks within DeFi strategies.

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Stream Finance Halts Operations Amidst $93 Million Loss and Stablecoin Depeg Concerns

Decentralized finance (DeFi) platform Stream Finance has announced a temporary halt on deposits and withdrawals following the discovery of a $93 mi...