Stream Finance Announces Plan to Liquidate and Distribute Assets

KuCoinFlash

Release Time: 05/12/2026 00:46:01

Summary

Stream Finance has announced plans to liquidate and distribute customer and creditor assets, as altcoins to watch remain under pressure. The protocol is evaluating strategies to maximize value, with stakeholder participation required. Further details will be provided in the coming weeks. Investors are advised to closely monitor the Fear & Greed Index amid ongoing market uncertainty. The firm previously disclosed a $93 million loss and suspended withdrawals following a sharp de-pegging of XUSD. For inquiries, contact Jeremiah Ledgwidge at Cooley LLP.

Odaily Planet Daily reports that Stream Finance posted on X that the Stream trading protocol is seeking to maximize the value of clients' and creditors' assets, aiming to integrate, liquidate, and distribute assets as quickly and prudently as possible. The team is currently evaluating several strategic alternatives requiring participation from clients and creditors, with more details expected in the coming weeks. Inquiries can be directed to Jeremiah Ledgewidge of Cooley LLP.

In November last year, Stream Finance disclosed a $93 million asset loss and suspended withdrawals, leading to a significant depegging of XUSD.

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.