Chinese Police Probe STFIL Team over Filecoin (FIL) Tokens, $22M Transferred to External Wallet

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Chinese Police Probe STFIL Team over Filecoin (FIL) Tokens, $22M Transferred to External Wallet
Chinese authorities are currently probing the key members of STFIL, a platform for liquid staking built on the Filecoin blockchain. The protocol announced on Tuesday on X that, while the reasons behind the investigation are still unknown, it has led to the arrest of a number of key members.
During this time of uncertainty, a large number of Filecoin tokens (FIL) were moved from the STFIL platform to an external address. STFIL revealed that about 2.5 million FIL tokens, worth $22 million, were transferred. This event has worried the Filecoin community because it was unexpected and could affect STFIL’s operations and the wider Filecoin ecosystem.
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 unde

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