SuiLend: Closely monitoring the massive loss issue at Stream Finance, and has contacted Elixir to demand loan repayment.
TechFlame
2025-11-04 14:50
TechFlame2025-11-04 14:50
English
TechFlame reports that Sui-based lending protocol SuiLend posted on platform X, stating it is closely monitoring the massive loss incident involving Stream Finance. According to sources, the largest single exposure in the $93 million loss is attributed to Elixir's deUSD, which lent $68 million in USDC to Stream, accounting for approximately 65% of deUSD's total reserves.
SuiLend further added that deposit and withdrawal functions for the Elixir market on its platform have been temporarily suspended, and the team has contacted Elixir to demand loan repayment. Other lending markets on SuiLend remain unaffected and secure.