TechFlow News, June 30, according to The Defiant, the collapsed DeFi yield protocol Stream Finance announced it has begun collecting claim information from potential creditors via an online form, stating this move is a step towards a "global solution." The protocol disclosed in November 2025 that external fund managers lost approximately $93 million in assets, resulting in approximately $160 million in deposits being frozen, and triggering approximately $285 million in cascading debt exposure in lending markets such as Euler, Morpho, Silo, and Gearbox.
Its stablecoin xUSD subsequently depegged, currently trading at approximately $0.08, down over 92% from its $1 peg price. Stream emphasized that submitting the claim form does not confirm any payment rights, and the scale of recoverable assets and distribution plan have not yet been disclosed. Meanwhile, Stream Trading Corp. has filed a lawsuit regarding former operator Caleb McMeans' suspected misappropriation of approximately $2.1 million in assets.
