🤑 $93M Vanishes! Stream Finance’s XUSD Peg Goes SPLAT! 🪙

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Oh, what a to-do! On a dreary Monday, the wizards of Stream Finance-those clever clogs of decentralized finance (DeFi)-announced that a naughty external fund manager had misplaced (fancy word for “lost”) a whopping $93 million in Stream assets! 😱 Faster than you can say “stablecoin shenanigans,” they launched an investigation and slammed the brakes on all withdrawals and deposits. In the ensuing hullabaloo, their precious stablecoin, XUSD, took a nosedive, crashing to a pitiful $0.2473 per coin. Ouchie! 💸

💨 Poof! $93M Gone, XUSD Peg Does the Limbo! 🕳️

Another stablecoin bites the dust, wobbling off its $1 throne like a tipsy uncle at a wedding. 🥴

This financial fiasco unfolded right after Stream Finance blurted out the bad news on X (formerly known as Twitter, for you old-timers). Stream Finance chirped:

“Yesterday, a mischievous fund manager (let’s call him Mr. Butterfingers) fumbled and lost $93 million in Stream assets. Now, we’re calling in the big guns-Keith Miller and Joseph Cutler from Perkins Coie LLP-to sniff out the truth. Meanwhile, we’re hoarding liquid assets like squirrels with acorns. Stay tuned!” 🕵️♂️💼

XUSD, the once-proud stablecoin, lost its swagger faster than a kid loses interest in a toy. After clinging to the $1 mark like a barnacle, it plummeted to a low of $0.2473, according to the wise folks at coingecko.com. At the time of this scribbling (Nov. 4, 2025, 9 a.m. Eastern), XUSD was trading at $0.3348-still a far cry from its glory days. With a circulating supply of 203,109,035 coins, its value now sits at a measly $60.67 million. Yikes! 🤡

XUSD’s chart via Coingecko, complete with a warning that screams, “Danger, Will Robinson!” 🚨

The X account YAM-a bunch of DeFi bigwigs who call themselves a “syndicate of power users”-piped up, calling the incident a “massive loss” that’s cast a dark shadow over stablecoins and vaults tied to Stream. According to YAM, the total debt owed to lenders is a staggering $285 million-enough to make even the bravest investor break out in hives. They fingered Euler, Silo, Gearbox, and Morpho as platforms with exposure to Stream’s troubles. “There might be more,” they added, “but we’re not Sherlock Holmes.” 🕵️♂️

Stream Finance promised to keep everyone in the loop, but for now, withdrawals and deposits are as frozen as a snowman in July. ❄️

Replies to their X post? Switched off faster than a light at bedtime. “We’ll keep you posted,” they said, “but don’t hold your breath.” The post concluded with a stern warning:

“Until we figure out this mess, all withdrawals and deposits are on ice. Pending deposits? Forget about it!” 🧊

FAQ ❓

  • What happened to Stream Finance?
    A fund manager with butterfingers lost $93 million, triggering an investigation and a freeze on withdrawals. 🧊
  • Why did XUSD crash harder than a toddler learning to walk?
    Panic ensued after the $93 million loss, sending XUSD tumbling to $0.2473. 😱
  • Which DeFi platforms are in hot water?
    YAM named Euler, Silo, Gearbox, and Morpho as the unlucky bunch. 🌶️
  • Is Stream Finance still kicking?
    Yes, but withdrawals and deposits are paused while they sort out this fiasco. ⏸️

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2025-11-04 21:17