
STFIL Protocol, the second largest DeFi protocol on Filecoin, is reportedly under investigation by Chinese police. The core technical team of STFIL is believed to be the focus of this investigation, with concerns arising after the FIL Token on STFIL was transferred to an unknown address. It has been reported that almost all Filecoin machine manufacturers have been arrested in connection with this case. STFIL has acknowledged the situation, stating that lawyers have been hired to provide legal assistance to the detained individuals. This incident has raised concerns within the Filecoin community and among investors regarding the security and reliability of decentralized finance protocols.

Filecoin liquid staking platform @stfil_io believes some of its team members are being investigated by the Chinese police. By @JamieCrawleyCD. https://t.co/78uwUPbxlD
Liquid staking protocol STFIL is allegedly under investigation by Chinese police amid concerning fund transfers and protocol upgrades https://t.co/MV0QeSdue6
STFIL PROTOCOL ON FILECOIN IS REPORTEDLY UNDER INVESTIGATION IN CHINA: WHAT WE KNOW - The core team members of STFIL Protocol, the second largest DeFi protocol on Filecoin, are currently under investigation by Chinese police. The reasons behind this investigation remain a… https://t.co/ogJoSS4tG6 https://t.co/ByZaDhYSj3