Stream Finance halts withdrawals and deposits after $93 million loss disclosed
Quick Take Stream Finance said an external fund manager disclosed a $93 million loss in its fund assets on Monday. The project has suspended withdrawals and deposits, and is working with a law firm to investigate the incident.
DeFi protocol Stream Finance has temporarily suspended all withdrawals and deposits after an external fund manager overseeing its assets disclosed a loss of roughly $93 million, the company said late Monday night.
Stream Finance said in a post on X that an external fund manager disclosed a $93 million loss in Stream fund assets yesterday, and it is working to withdraw all remaining liquid assets and expects the process to be completed in the near term.
"Until we are able to fully assess the scope and causes of the loss, all withdrawals and deposits will be temporarily suspended," said Stream, noting that it will provide periodic updates for further information.
Pending deposits will not be processed during this time, Stream added.
To investigate the incident, Stream said it is engaging Keith Miller and Joseph Cutler of law firm Perkins Coie LLP to lead the review. Perkins Coie has previously advised a range of fintech firms on legal, compliance, and cybersecurity matters.
Earlier on Monday, security firm Peckshield warned that Staked Stream USD (xUSD) has depegged. It has dropped to $0.53 as of 00:50 a.m. ET Tuesday, according to CoinGecko data .
The Block has reached out to Stream for further information.
This is a developing story.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
10-year Yield Plunges 17 Basis Points in One Week! AI Trading Turbulence Rekindles Safe-Haven Appeal of US Treasuries
AI trading has loosened, reactivating the safe-haven attribute of US Treasury bonds. Last week, the 10-year yield dropped 17 basis points in a single week, synchronizing with the decline in tech stocks—a phenomenon not seen since the tariff storm in April 2025. The unusually concentrated short positions amplified the bond market rally, and large-scale short-covering by CTA funds has also become a key driver in this round of bond rebound.
From Digital Assets to Reshaping Financial Pipelines! BlackRock (BLK.US) Accelerates Integration of Tokenized Funds into the Core of Wall Street
Wall Street’s embrace of blockchain technology is moving beyond simply creating digital versions of stocks, bonds, and money market funds, aiming instead for a broader goal—to transform the way these assets circulate within the financial system.
AI bubble alarm rings across Wall Street! Oaktree Capital's Marks disagrees: The market hasn't reached its most dangerous moment yet, and investors are not completely oblivious to risks.
Although investors are displaying typical FOMO (fear of missing out) sentiment regarding further gains in tech stocks, the market continues to draw comparisons between the current situation and past bubbles, indicating that investors are not unaware of the risks.
Barclays: Dual restrictions of physical and capital, data center growth will slow significantly in 2027!
Barclays' latest report reveals that the global data center construction boom is approaching a turning point—the year-on-year growth rate of new capacity will plummet from over 100% in 2026 to about 35% in 2027, and stabilize by 2028. Facing both physical constraints and tightened financing, hyperscale cloud providers will absorb more than 60% of new capacity, while the risk of project suspension for small and medium developers will sharply increase.
Crypto prices
More
