A few days ago, there was a piece of news that the stfil team, the second largest pledge platform on FIL, was shut down by the Changde police in Hunan, China.
Most people may not be interested in fil, let alone stfil.
This is a platform that provides mortgage loans to fil holders, and in the past it could even give fil holders a return rate of more than 15%.

There are more than 5 million fils on this platform.
Based on the current currency price, it is equivalent to about 50 million US dollars.
After the incident, stfil officials have actively intervened in the matter, but it seems to be of no use at the moment.

The reason is very simple. This time the Chinese police’s action was not just to detain people, but more importantly to transfer the money away.