Stream Finance Faces $93 Million Loss, Launches Legal Investigation

Stream Finance Faces $93 Million Loss, Launches Legal Investigation

DeFi platform Stream Finance is engaging law firm Perkins Coie LLP to lead investigation after an external fund manager disclosed a huge loss.

Stream Finance Stablecoin Plunges 77% After Protocol's Fund Manager Loses $93 Million

Stream's collapse shows operational risk extends beyond smart contracts to fund managers and custody, an expert told Decrypt.

Stream Finance Discloses $93 Million Loss After Probe, Halts Operations

DeFi platform Stream Finance has paused operations following a $93 million (roughly Rs. 825 crore) loss caused by an external fund manager. The company has hired Perkins Coie LLP to investigate the incident and plans to recover liquid assets. The halt highlights growing risks and transparency concerns across decentralised finance ecosystems.

DeFi Platform Freezes Withdrawals Amid $93 Million Loss » News.ng

Stream Finance, a decentralised finance (DeFi) platform known for its yield-generating strategies, has temporarily halted deposits and withdrawals following the discovery of a staggering $93 million loss. The platform confirmed in an X (formerly Twitter) post on Monday that the issue came to light after an external fund manager overseeing its assets reported the loss on Sunday. In response, Stream Finance has hired legal counsel from Perkins Coi…

Stream Finance Halts Withdrawals After $93 Million Loss DeFi Investors in Shock - Coin Surges

The post Stream Finance Halts Withdrawals After $93 Million Loss DeFi Investors in Shock appeared first on Coinpedia Fintech News The DeFi world was hit with another shock as Stream Finance, a platform known for its yield and capital efficiency strategies, paused all withdrawals and deposits after suffering a massive $93 million loss. The company said the loss came from an external fund manager responsible for handling a portion of its assets, a…