STFIL, the Filecoin liquid staking protocol, believes its core technical team is being investigated by the Chinese police. The STFIL team said it also recently detected abnormal and unscheduled upgrades to the protocol. During the core technical team’s detention, FIL tokens worth over $22 million were transferred to an unknown external address.
Filecoin Staking Protocol Core Team Detained by Chinese Police; $22 Million in FIL Tokens Sent to Unknown Address
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Lawyers Engaged to Aid Detained Team Members
STFIL, the Filecoin liquid staking and restaking protocol, announced on April 9 that its core technical team is under investigation by Chinese police. In a post on X, the STFIL team stated that lawyers have been hired to assist the detained individuals.
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 🏔️ (@stfil_io) April 9, 2024
The post also revealed that the core technical team has been in detention since the first week of April. FIL tokens worth over $22 million were transferred to an unidentified external address during this period.
Users Question Incident Timing
In addition, the STFIL team also noted that there were unexpected and unscheduled upgrades to the protocol in recent days. The funds were transferred to the following address: f410falck3ysg7e2k4outtq2r24ytd66cuddydnoga6a.
Upon discovering this unauthorized transfer of FIL tokens, the STFIL team actively explores ways to trace the unknown address and safeguard stakeholder interests.
In response to the STFIL team’s request for help, some social media users offered assistance with police contacts but others questioned the timing of the incident. Some suggested that this could have been an inside job or a rug pull.
Another user suggested that unknown attackers may have taken control of the STFIL contract.
“STFIL’s contract control was ‘stolen.’ Contract attackers are destroying and modifying contracts in an attempt to steal assets. The situation is very critical! We implore Filecoin Governance, Filecoin Foundation and Protocol Labs to help resolve the issue and protect the community’s assets,” the user said.
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