The founder of Stream Finance is suing a business partner, accusing him of misappropriating $93 million to cover personal losses.

In early November, Stream Finance, an Ethereum-based yield protocol, stated that an "external fund manager" lost $93 million in cryptocurrency, representing approximately 17% of its entrusted assets. On Monday, Stream's co-founder filed a lawsuit on behalf of Stream Trading Corp., accusing Georgia resident Ryan DeMattia of misappropriating the funds to cover personal losses following a loan default, and also alleging that Florida resident Caleb McMeans failed to fulfill agreements signed during a takeover of his brand in January. The lawsuit seeks court enforcement against McMeans for allegedly shirking responsibility.