---
title: "Stream Finance accuses its partner of misappropriating $93 million in assets from the agreement to cover losses from margin calls."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/269462069.md"
description: "Stream Finance has filed a lawsuit against its partner, accusing him of misappropriating $93 million in assets to cover personal liquidation losses. The lawsuit claims Caleb McMeans entrusted assets to Ryan DeMattia, who used them to cover losses from the October ETH crash. Stream Finance alleges negligence and breach of contract, seeking court enforcement of protocol obligations."
datetime: "2025-12-12T02:54:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/269462069.md)
  - [en](https://longbridge.com/en/news/269462069.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/269462069.md)
---

# Stream Finance accuses its partner of misappropriating $93 million in assets from the agreement to cover losses from margin calls.

The founding team of Stream Finance has filed a lawsuit against its partner in a U.S. federal court, accusing him of misappropriating $93 million in protocol assets to cover personal liquidation losses and falsely claiming a "car accident that destroyed his laptop" to delay disclosure. The lawsuit alleges that Caleb McMeans, who took over the protocol's operations, entrusted over $90 million in assets to Ryan DeMattia, with whom he had no formal relationship, for offline management. DeMattia was liquidated due to insufficient personal loan margin during the October ETH crash, subsequently using Stream assets to cover losses, ultimately leading to the near-total loss of the protocol's assets. The Stream team accuses McMeans of negligence, refusal to take responsibility, and transferring $2.1 million in protocol assets to a personal wallet, and is now requesting the court to rule in breach of contract and enforce its obligations under the protocol.

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