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Stream Finance: Currently researching asset liquidation and distribution-related solutions
Odaily Planet Daily News reports that Stream Finance posted on the X platform stating that the Stream trading protocol is seeking ways to maximize the asset value for clients 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 clients and creditors, with more details expected in the coming weeks. Inquiries can be directed to 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.