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Stream Finance exposes a $93 million black hole, shaking up the entire DeFi ecosystem again
According to the latest reports, DeFi platform Stream Finance has suddenly announced the discovery of a massive loss—$93 million just vanished. All withdrawals have now been suspended, and a formal legal investigation is underway.
The situation is quite complicated: holders and lenders of xUSD, xBTC, and xETH now have no idea how to deal with this mess. Even more alarming, some analysts have pointed out that bad debts collateralized by Stream assets could exceed $280 million.
To be honest, this is yet another DeFi trust crisis. Every time something like this happens, the market trembles.