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STFIL Raises Concerns Over Token Movements and Protocol Upgrades Amidst Chinese Police Investigation
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Authorities in China have initiated an investigation into the core technical team responsible for managing the STFIL Protocol, a prominent decentralized finance (DeFi) protocol operating on the Filecoin network.
The project said a large amount of Filecoin tokens were moved to an unknown address that now holds around $23 million in FIL.
We believe that the STFIL core technical team is under investigation by local Chinese police, and we understand lawyers have been hired to understand the current situation and provide legal assistance to the individuals under detention.
Last week, when the core technical team…
— STFIL Protocol
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