[Stream Finance Suffers $93 Million Fund Loss, Halts Withdrawals and Launches Investigation]
Stream Finance's official announcement disclosed that approximately $93 million in managed funds were lost, as reported by an external fund manager. In response to this incident, Stream Finance has engaged Keith Miller and Joseph Cutler from the law firm Perkins Coie LLP to conduct a comprehensive investigation. Meanwhile, the platform has suspended all deposit and withdrawal operations and has begun extracting all liquid assets to mitigate risks. Stream Finance has pledged to provide regular updates on the progress of the investigation. Additionally, blockchain security firm PeckShield earlier pointed out that StakedStreamUSD (XUSD) has experienced a depeg of approximately 23%.