PANews reported on November 5th that, according to an official announcement from Silo Labs, the decentralized lending protocol Silo DAO is preparing to take legal action against Stream Finance for failing to repay loans and redeem xUSD and xBTC. This incident has resulted in some borrowers being unable to recover their funds. Silo DAO stated that this action aims not only to recover funds but also to set a precedent for protecting lenders' rights in the DeFi space. The next steps include collecting lender information and balances, coordinating with legal counsel, transparently sharing legal costs, and seeking to maximize repayment and distribute it proportionally. Silo DAO emphasized that smart contracts cannot fully protect lenders' rights, and legal means are a necessary supplement. According to previous reports, analysts said that Stream Finance's $93 million loss could result in a risk exposure of more than $285 million .PANews reported on November 5th that, according to an official announcement from Silo Labs, the decentralized lending protocol Silo DAO is preparing to take legal action against Stream Finance for failing to repay loans and redeem xUSD and xBTC. This incident has resulted in some borrowers being unable to recover their funds. Silo DAO stated that this action aims not only to recover funds but also to set a precedent for protecting lenders' rights in the DeFi space. The next steps include collecting lender information and balances, coordinating with legal counsel, transparently sharing legal costs, and seeking to maximize repayment and distribute it proportionally. Silo DAO emphasized that smart contracts cannot fully protect lenders' rights, and legal means are a necessary supplement. According to previous reports, analysts said that Stream Finance's $93 million loss could result in a risk exposure of more than $285 million .
Silo DAO will take legal action against Stream Finance to recover outstanding loans and redeemed funds from xUSD and xBTC.
PANews reported on November 5th that, according to an official announcement from Silo Labs, the decentralized lending protocol Silo DAO is preparing to take legal action against Stream Finance for failing to repay loans and redeem xUSD and xBTC. This incident has resulted in some borrowers being unable to recover their funds.
Silo DAO stated that this action aims not only to recover funds but also to set a precedent for protecting lenders' rights in the DeFi space. The next steps include collecting lender information and balances, coordinating with legal counsel, transparently sharing legal costs, and seeking to maximize repayment and distribute it proportionally. Silo DAO emphasized that smart contracts cannot fully protect lenders' rights, and legal means are a necessary supplement.
According to previous reports, analysts said that Stream Finance's $93 million loss could result in a risk exposure of more than $285 million .
Market Opportunity
Silo Finance Price(SILO)
$0,00835
$0,00835$0,00835
USD
Silo Finance (SILO) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
AI Startup Surge Risks Repeating Tech’s Last Funding Mania
The AI startup frenzy and FOMO are inflating round sizes and valuations. Yes, the potential is huge. But too much capital too early often leads to mediocre outcomes. Remake of 2020–22?
Share
Hackernoon2025/09/19 12:14
Bitcoin ETFs Revive with $241 Million Inflow, Ethereum ETFs Report Lowest Trading Value of the Week
The post Bitcoin ETFs Revive with $241 Million Inflow, Ethereum ETFs Report Lowest Trading Value of the Week appeared first on Coinpedia Fintech News On September 24, the US spot Bitcoin ETF saw a combined inflow of $241.00 million, while Ethereum ETFs continued their day 3 streak of outflow. It recorded a total net outflow of $79.36 million, as per the SoSoValue report. Bitcoin ETF Breakdown After two consecutive days of experiencing huge sell-offs, Bitcoin ETFs finally managed to record an inflow of $241.00 million. BlackRock IBIT led with $128.90 million, and Ark and 21Shares ARKB followed with $37.72 million. Additional gains were made by Fidelity FBTC, Bitwise BITB, and Grayscale BTC of $29.70 million, $24.69 million, and $13.56 million, respectively. VanEck HODL also made a smaller addition of $6.42 million in inflows. Despite the inflows, the total trading value of the Bitcoin ETF dropped to $2.58 billion, with total net assets $149.74 billion. This marks 6.62% of Bitcoin market cap, slightly higher than the previous day. Ethereum ETF Breakdown Ethereum ETFs saw a total outflow of $79.36 million, with Fidelity’s FETH leading with $33.26 million. BlackRock ETHA also experienced heavy selling pressure of $26.47 million, followed by Grayscale’s ETHE $8.91 million. 21Shares TETH and Bitwise ETHW also posted smaller withdrawals of $6.24 million and $4.48 million, respectively. The total trading value of Ethereum ETFs dropped below a billion, reaching $971.79 million. Net assets came in at $27.42 billion, representing 5.45% of the Ethereum market cap. Ethereum ETF Market Context Bitcoin is trading at $111,766, signalling a 4.6% drop compared to a week ago. Its market cap has also dipped to $2.225 trillion. Its daily trading volume has reached $49.837 billion, showing mild progress there. Ethereum is priced at $4,011.92, with a market cap of $483.822 billion, showing a sharp decline. Its trading volume has also slipped to $37.680 billion, reflecting a slow market. Due to heavy outflow this week, Bitcoin and Ethereum’s prices are experiencing price swings. Crypto analysts from Bloomberg warn the market to brace for further volatility.
Share
Coinstats2025/09/25 18:40
Son of filmmaker Rob Reiner charged with homicide for death of his parents
FILE PHOTO: Rob Reiner, director of "The Princess Bride," arrives for a special 25th anniversary viewing of the film during the New York Film Festival in New York
Share
Rappler2025/12/16 09:59