Stream Investigates $93 Million Fund Loss with Legal Support

According to Foresight News, Stream announced via social media that an external fund manager disclosed a loss of approximately $93 million in Stream fund assets. In response, Stream has engaged Perkins Coie LLP attorneys Keith Miller and Joseph Cutler to lead a comprehensive investigation into the incident. The company is actively withdrawing all liquid assets, with the process expected to be completed shortly. Stream has committed to providing regular updates to stakeholders as more information becomes available. Until the full extent and cause of the loss are assessed, all withdrawals and deposits will be temporarily suspended, and current deposit applications will not be processed. Meanwhile, the value of XUSD has seen a 56.4% decline over the past 24 hours.