DeFi platform Stream Finance suspended all withdrawals and deposits on Nov. 3 after an external fund manager disclosed a loss of approximately $93 million in company assets. The platform retained attorneys Keith Miller and Joseph Cutler of law firm Perkins Coie LLP to investigate the incident. Stream Finance announced in a Nov. 3 statement that it is withdrawing all liquid assets and expects to complete the process in the near term. The company provided no timeline for resuming withdrawals or identifying ...

Source:Elixir (@elixir):During the past 24hrs we have heard concerns around Stream Finance' xUSD.Elixir has full redemption rights at $1 with Stream for its lending position. We are the only creditor with these 1-1 rights.deUSD remains fully backed and Elixir is beginning the process of unwinding ...