Stream Finance: Deposits and withdrawals suspended due to $93 million in asset losses.

According to Odaily Planet Daily, Stream Finance stated on its X platform that the external fund manager responsible for overseeing the Stream fund disclosed a loss of approximately $93 million in Stream fund assets.

In response, Stream has engaged Keith Miller and Joseph Cutler of Perkins Coie LLP to conduct a full investigation into the incident and is withdrawing all liquid assets. All withdrawals and deposits will be temporarily suspended pending a full assessment of the scope and cause of the losses.