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Article • over 1 year ago

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

Filecoin
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.

Source: https://www.coinspeaker.com/chinese-police-stfil-filecoin-22m/

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