金色财经|Dec 12, 2025 02:56
[Stream Finance Founder Sues Partner, Accusing Them of Misappropriating $93 Million in Protocol Funds to Cover Personal Losses]
According to a report by DL News, as cited by Jinse Finance, the founder of the DeFi protocol Stream Finance has filed a lawsuit against a partner, accusing them of misappropriating $93 million in funds.
The lawsuit documents reveal that Stream Trading Corp. (the company of the Stream Finance founder) has accused Georgia resident Ryan DeMattia of using the funds to cover his own losses after defaulting on a personal loan. Meanwhile, Florida resident Caleb McMeans is accused of failing to fulfill the terms of an agreement signed in January of this year.
It is reported that McMeans took control of the Stream protocol in January but subsequently handed over more than $90 million in funds to DeMattia for off-chain investments. When the founder requested greater transparency, DeMattia repeatedly evaded the requests, even claiming that his laptop was destroyed in a car accident.
On November 2, DeMattia admitted to losing nearly all the entrusted assets. The lawsuit states that on October 10, DeMattia faced a margin call on a personal loan and, lacking sufficient funds, used Stream protocol assets instead.
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