The lawsuit alleges partners misused $93 million in protocol funds, transferring assets to an unrelated party, resulting in near-total losses during October's Ethereum collapse.
Stream Finance founders have sued partners Caleb McMeans and Ryan DeMattia in U.S. federal court, alleging they misused $93 million in protocol funds to cover personal margin call losses. The lawsuit claims the assets were transferred to an unrelated third party, which led to a near-total wipeout during the October 2024 Ethereum collapse. The complaint also includes breach of a 2024 acquisition agreement, with Stream Finance seeking judicial enforcement and accountability for the loss of nearly all protocol holdings.