An illustration showing the Elixir Network logo and a broken deUSD stablecoin symbol, symbolizing the suspension of deUSD support after the Stream Finance incident.
Blockchain News

Elixir Network’s Urgent Crisis: deUSD Support Halted After Stream Finance Incident

The cryptocurrency world often navigates complex and volatile terrains. Recently, the Elixir Network, a prominent modular blockchain focused on decentralized order book liquidity, faced an urgent challenge. It announced the suspension of support for its synthetic stablecoin, deUSD. This crucial decision directly followed the significant Stream Finance incident, an event that triggered substantial repercussions across […]

Visualizing DeFi contagion risk spreading from a Stream Finance loss to interconnected DeFi protocols, highlighting systemic vulnerability.
Blockchain News

DeFi Contagion Risk: Urgent Warning After Stream Finance Loss Threatens Protocols

The decentralized finance (DeFi) sector faces a significant challenge. A recent $93 million loss at Stream Finance has ignited concerns about **DeFi contagion risk** across the ecosystem. This incident, linked to assets managed by an external fund manager, highlights inherent vulnerabilities. DeFi research group Yields and More issued a stark warning. Cointelegraph reported on their […]