Filecoin’s Liquid Staking Platform Core Team Under Investigation by Chinese Police

The core technical team behind the Filecoin-based STFIL protocol said that they are under investigation by Chinese authorities.

Over the past couple of days, there have been unforeseen updates to the protocol, along with funds transfers to different addresses.

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The news came out in a public post by STFIL Protocol on X, revealing that they believe the STFIL core technical team is under investigation by local Chinese police. They mentioned that lawyers have been hired to understand the current situation and provide legal assistance to detained individuals.

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 Read More