Stream Finance Loses $93M, deUSD Collateral Collapses

[etfs]

Shortly after Balancer’s exploit, Stream Finance announced ~$93M in assets managed by an external fund manager had gone missing.

The protocol halted withdrawals and deposits.

Elixir, a liquidity provider, wound down its deUSD stablecoin.

The back-to-back failures intensified scrutiny of DeFi’s structural weaknesses and user safety.

[Abdul Khan]

Elixir, a liquidity provider, wound down its deUSD stablecoin.

[Rimon Khan]

$93 is big amount