Stream Finance Suspends Withdrawals Amid $93m Loss Investigation

Stream Finance suspended withdrawals after an external fund manager reported a $93m loss in fund assets. The team has launched an investigation and is withdrawing all liquid assets. Deposits and withdrawals remain paused until the cause and scope of the loss are known. The stablecoin XUSD broke its $1 peg and dropped 58% in 24 hours, while traders accelerated defensive positioning. On-chain watchers framed the slide as a trust shock rather than a confirmed smart contract failure.