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Stream Finance plans to settle and maximize asset value, seeking the participation of clients and creditors.
ChainCatcher message, Stream Finance posted on the X platform stating that the Stream trading protocol is seeking ways to maximize the asset value for customers and creditors, with the goal of quickly and prudently consolidating, liquidating, and distributing assets. The team is currently considering several strategic alternatives requiring the participation of customers and creditors, with more details expected in the coming weeks. For inquiries, please contact Jeremiah Ledgwidge at Cooley LLP.
In November last year, Stream Finance disclosed a $93 million asset loss and suspended withdrawals, followed by a significant depegging of XUSD.