Silo DAO prepares legal action against Stream Finance after loan defaults, vowing to defend lenders and recover xUSD and xBTC redemptions in a move to uphold DeFi accountability.

"5/ Next Steps: - Gather lender info and balances as of the disclosure date - Coordinate with legal counsel - Share legal costs transparently between Silo DAO, lenders & partners - Seek max repayment distributed pro rata"

Top comment by @Spencer420

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