Filecoin’s Liquid Staking Team Under Chinese Police Investigation, Where Are The Protocol’s Tokens?

On Tuesday, STFIL, a liquid staking platform for Filecoin (FIL), announced that its team is allegedly under investigation by local Chinese police. The platform’s FIL tokens had been moved to an unknown address outside the team’s control.

The incident, now being investigated by the Filecoin Foundation, raised many concerns as investors wonder about the fate of their staked FIL tokens.

Is Chinese Police Behind The Missing Tokens?

The STFIL Protocol announced on X their suspicion of being under investigation by local Chinese police. According to the post, the protocol’s team believes the core technical team is being investigated after they were detained last week.