Stream Finance has disclosed that its fund assets have suffered a $93 million loss, and has initiated an investigation while suspending deposits and withdrawals.

On November 4th, Stream Finance issued a statement saying, "Yesterday, an external fund manager in charge of managing Stream funds disclosed that approximately $93 million of Stream fund assets have been lost. In response, Stream is currently collaborating with the law firm Perkins Coie LLP's Keith Miller and Joseph Cutler to conduct a comprehensive investigation into this incident." We are actively withdrawing all liquid assets and anticipate that this process will be completed in the near term. To ensure that stakeholders are promptly informed of the situation, we will provide regular updates as more information becomes available. Withdrawals and deposits will be temporarily suspended until a full assessment of the extent and causes of the loss has been carried out, and pending deposit requests will not be processed." Previously reported, its collateralized stablecoin Staked Stream USD (XUSD) has already deviated from its peg, with a 24-hour decline of 22.6% and currently trading at $0.938.