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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.
Yesterday, an external fund manager overseeing Stream funds disclosed the loss of approximately $93 million in Stream fund assets.
In response, Stream is in the process of engaging Keith Miller and Joseph Cutler of the law firm Perkins Coie LLP, to lead a comprehensive…
— Stream Finance (@StreamDefi) November 4, 2025
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.
According to CoinGecko data, Staked Stream USD (XUSD) fell sharply following Stream’s disclosure, plunging from $0.9 to $0.3. The token was trading above $0.4 at press time, down 68% in the last 24 hours.
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