STREAM FINANCE STABLECOIN PLUNGES 77% AFTER PROTOCOL'S FUND MANAGER LOSES $93 MILLION
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✍️ Stream Finance's external fund manager lost $93 million in user assets, causing a 77% crash in the price of its flagship stablecoin and exposing vulnerabilities in DeFi's lending ecosystem.
👉 External fund manager lost $93 million in user assets 👉 77% crash in the price of Staked Stream USD (xUSD) 👉 xUSD depegged and plummeted to $0.50 👉 Rehypothecation chains and recursive looping strategies exposed 👉 Stream Finance suspended all withdrawals and deposits
-- #KeithMiller #JosephCutler #DeddyLavid #chud.eth #Cbb0fe #technology
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