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Stream Finance halts withdrawals and deposits following $93M loss

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Key Takeaways

  • An external fund manager responsible for managing a portion of Stream’s funds disclosed a loss of approximately $93 million in assets.
  • Stream is working with Perkins Coie to investigate the cause and scope of the loss.

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Stream Finance, which runs DeFi strategies designed to boost capital efficiency and yield performance, has temporarily suspended all withdrawals and deposits after an external fund manager reported a $93 million loss in Stream’s funds.

The company is currently withdrawing all liquid assets and is conducting a thorough investigation led by Keith Miller and Joseph Cutler from Perkins Coie. Stream is committed to maintaining transparency and will provide periodic updates during the investigation.

This is a developing story. Please come back for further updates.





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