Silo DAO has announced plans to sue Stream Finance for failing to repay loans and return xUSD and xBTC, impacting lenders' ability to recover their funds. The legal action aims to recover the outstanding amounts and establish a precedent for lender protection in the decentralized finance (DeFi) sector.
The DAO is currently gathering information from affected lenders, coordinating with legal counsel, and planning the transparent allocation of legal costs. Analysts have previously estimated that Stream Finance could face losses of $93 million, resulting in a risk exposure exceeding $285 million.
Silo DAO Initiates Legal Action Against Stream Finance Over Unpaid Loans
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