$40 million Filecoin go missing following a raid by Chinese police. Matrixport says to short ETH, but are their tips reliable? Asia Express
STFIL assets missing after Chinese police heist, Matrixport bets against ETH, HashKey gets retail trading license in Hong Kong, and more.Funds are missing from Filecoin liquid staking protocol STFIL after an investigation by Chinese police.
This was not the first time Chinese police have shut down a Filecoin protocol. In November 2021, a $55 million Filecoin mining rig wasIn the past year, Chinese authorities have increasingly cracked down on crypto projects operating in the country, often causing collateral damage for foreign users of such protocols. Last year, cross-chain bridge Multichain was shut down after Chinese police detained its CEO, Zhaojun He, under mysterious circumstances.
HashKey Exchange is one of only two approved crypto exchanges in Hong Kong for retail trading, the other being OSL. Earlier this week, following Coinbase’s footsteps, HashKey GroupOSL to expand institutional crypto products in Asia Singaporean crypto services firm Matrixport is trying its luck at forecasting once more with a recommendation to short Ethereum and long Bitcoin .
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