Stream Finance begins asset liquidation, to release details in coming weeks

DeFi platform Stream Finance has announced on X that it has begun the process of consolidating, liquidating, and distributing its assets for the benefit of customers and creditors. The platform said it is reviewing multiple strategies and that participation from customers and creditors will be required regardless of the approach taken. Further details are expected to be released within the coming weeks. Late last year, Stream Finance incurred a loss of approximately $93 million from assets managed by an external fund manager. The company has since filed a lawsuit in a U.S. federal court against the individuals responsible.