Stream Finance: Suffers $93 million in asset losses, has suspended withdrawals and launched an investigation.

PA一线
PA一线

PANews reported on November 4th that, according to an official announcement, Stream Finance stated that an external fund manager disclosed a loss of approximately $93 million in Stream funds under their supervision. Stream has hired Keith Miller and Joseph Cutler of the law firm Perkins Coie LLP to lead a full investigation. Currently, Stream is withdrawing all liquid assets and has announced the suspension of all deposit and withdrawal operations. Further updates will be provided regularly.

Earlier today, PeckShield stated that StakedStreamUSD (XUSD) has de-pegged by approximately 23% .

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This content is for informational purposes only and does not constitute investment advice.

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