Stream Finance accuses its partner of misappropriating $93 million in assets from the agreement to cover losses from margin calls.

According to Odaily Planet Daily, the founding team of Stream Finance has filed a lawsuit against its partners in a U.S. federal court, accusing them of misappropriating $93 million in assets from the agreement to cover personal losses from margin calls and of falsely claiming that a "car accident destroyed the laptop" in order to delay disclosure.

The lawsuit alleges that Caleb McMeans, who took over the operation of the protocol, entrusted more than $90 million in assets to Ryan DeMattia, with whom he had no formal relationship, for offline management. During the ETH crash in October, DeMattia was forced to liquidate due to insufficient personal loan margins and subsequently used Stream assets to cover the losses, ultimately leading to the near-total annihilation of the protocol's assets.

The Stream team accuses McMeans of negligence, refusal to take responsibility, and transferring $2.1 million of the agreement's assets to a personal wallet. They are now requesting the court to rule that McMeans is in breach of contract and to enforce its obligations under the agreement.