Stream Finance collapse: $520M TVL was backed by only $160M as circular leverage unwound
๐/@yearnfi โข
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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.
๐/@SiloFinance ยท
As if Balancer's $128M+ hack was not enough, Stream Finance blows up $284M fund, dragging curators like TelosC, MEV Capital, Re7 into bad debt on Morpho and Euler among others protocols affected
๐/@StreamDefi ยท
Stream Finance suspends all withdrawals and deposits to investigate the loss of approximately $93 million in Stream fund assets
๐/@streamdefi ยท
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.
๐/@SiloFinance ยท
As if Balancer's $128M+ hack was not enough, Stream Finance blows up $284M fund, dragging curators like TelosC, MEV Capital, Re7 into bad debt on Morpho and Euler among others protocols affected
๐/@StreamDefi ยท
Stream Finance suspends all withdrawals and deposits to investigate the loss of approximately $93 million in Stream fund assets
๐/@streamdefi ยท