Stream Finance has announced a suspension of all deposit and withdrawal operations following a reported $93 million loss in assets managed by an external fund manager. The company has engaged Keith Miller and Joseph Cutler from Perkins Coie LLP to conduct a comprehensive investigation into the incident. Stream is currently withdrawing all liquid assets and plans to provide regular updates on the situation.
Earlier, PeckShield reported that StakedStreamUSD (XUSD) has de-pegged by approximately 23%, adding to the financial challenges faced by Stream Finance. The company is working to address the situation and restore stability to its operations.
Stream Finance Halts Withdrawals Amid $93 Million Asset Loss
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