Stream Finance announced on platform X that the Stream trading protocol is seeking ways to maximize the value of assets for clients and creditors, with the goal of consolidating, liquidating, and distributing assets as prudently and quickly as possible. The team is currently considering several strategic alternatives that require the participation of clients and creditors, and expects to provide more details in the coming weeks. For related inquiries, please contact Jeremiah Ledgwidge of Cooley LLP.
In November last year, Stream Finance disclosed a $93 million asset loss and suspended withdrawals, subsequently causing XUSD to significantly depeg.