#稳定币发展与监管 conducted an in-depth analysis of the recent loss event at Stream Finance. The loss of $93 million is indeed quite serious and will have a huge impact on the operation of the entire platform and user confidence. From the information disclosed so far, there are several key points worth following:

1. Funds are managed by external fund managers, indicating that Stream has adopted a delegated management model, which carries potential risks.

2. Launch an investigation and hire a renowned law firm, indicating that the platform is actively responding, but also signifying the seriousness of the situation.

3. Suspending deposits and withdrawals is a necessary measure, but it will exacerbate users' panic. The detachment of XUSD dropping to $0.938 is a clear proof.

4. The cause of the capital loss is still unclear, and it is necessary to be vigilant about whether there are internal issues or external attacks.

This event once again highlights the importance of risk control in DeFi projects. Investors are advised to closely follow the results of the subsequent investigation and carefully assess the associated risks. For the entire industry, it serves as a warning to improve risk control mechanisms and strengthen capital management.