Article • Apr 9, 2024

STFIL Faces Investigation by Chinese Authorities, Filecoin Tokens Worth $21 Million Moved

Summary

Chinese authorities are probing key members of STFIL, leading to their arrest and the movement of $21 million worth of FIL tokens to an unknown address.
The investigation has caused a drop in total value locked (TVL) on the STFIL platform, raising concerns about user faith and security in cryptocurrency projects.