2024

Filecoin

when

April

Chinese police are investigating the members of STFIL, a Filecoin staking protocol, for undisclosed reasons. STFIL acknowledged the situation and stated that legal representation had been engaged to manage the case and support the implicated individuals.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3d4.png" alt="🏔" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@stfil_io) <a href="https://twitter.com/stfil_io/status/1777560493017686264?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 9, 2024</a>
 </blockquote>
 </div>
</figure>
STFIL revealed that amid the investigation and detention of its core technical team members, an unscheduled protocol update led to the relocation of 2.5 million FIL tokens, worth approximately $22 million, to an external address. The team described this move as “abnormal” and has sought assistance from the community in tracking down the unknown address to protect stakeholders’ interests.
As the second-largest protocol in the Filecoin ecosystem by total value locked, with nearly $40 million in cryptocurrency allocation, STFIL’s platform for liquid staking, introduced in 2023, has become very popular. It was the first to allow people who own FIL tokens to make extra money by using liquid staking.
The STFIL team has expressed its commitment to understanding the current situation and providing legal assistance to the detained individuals. However, the relocation of a substantial amount of FIL tokens has raised concerns within the community, prompting calls for transparency and swift action to safeguard stakeholders’ interests
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also read: <a href="https://www.cryptotimes.io/2024/04/09/binance-exec-faces-nigerian-prison-ordeal/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Exec Faces Nigerian Prison Ordeal</a>.
</blockquote>

Chinese police investigate STFIL team members

The Crypto Times

Các bài viết khác được xuất bản trên 9 thg 4, 2024

Raffle Coin Emerges as April’s Investment Phenomenon: Cardano & Ripple Flock to Secure Early Posi...

Tenity Launches IOTA APAC Accelerator in Singapore

Terraform Labs found liable for securities fraud

Forget DOGE And WIF, $RECQ Presale Could Give You 100x In Returns In Wild Memecoin Mania

Milei Moneda’s launch promises big as Solana and Toncoin rise

JPMorgan to Retain its 2000 AI Professionals

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!