The Filecoin Foundation is currently looking into the unexplained loss of $23 million worth of FIL tokens from the Filecoin Liquid Staking (STFIL) protocol. This incident occurred following reports that STFIL’s core team was allegedly taken into custody by Chinese authorities in early April.
An attorney was dispatched by Danny O’Brien, a senior fellow at the foundation, to China for investigative reasons. It is believed that the unlawful enhancements and transfers occurred while the individual was in custody.
Our legal representative in China has confirmed that the recent incident involved police detainment. They are now investigating how we can regain control of the tokens currently being withheld.
— Danny O’Brien🤖 (@mala) April 13, 2024
Users who loan FIL tokens to storage providers on the Filecoin network via STFIL are eligible for rewards. However, withdrawals were temporarily halted recently, with the reason yet to be disclosed. The Foundation intends to locate the funds within the next week and will support any legal action required for impacted STFIL users.
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2024-04-16 01:40