Coin Edition -
- STFIL’s core team faces legal scrutiny in China, sparking concerns in the crypto community.
- Unexpected FIL transfers and protocol upgrades at STFIL stir the need for community vigilance.
- Filecoin’s price movements reflect the broader uncertainties in the crypto market.
The STFIL protocol, known for its role in Filecoin liquid staking, has recently encountered significant challenges. The core technical team reportedly finds itself under the scrutiny of local Chinese authorities. This development raises concerns across the digital asset community, with stakeholders closely monitoring the situation.
STFIL announced the investigation through a post on social media platform X. They have engaged legal experts to navigate the complexities of their current predicament. This move comes as the team seeks to understand the nature of the investigation and provide necessary support to the detained members. Consequently, the community awaits further developments, hoping for a favorable resolution.
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