Ningbo Intermediate Court: "Peach Blossom Source NFT" is suspected of conducting illegal financial activities under the guise of digital collectible investment

ChainCatcher news, the Ningbo Intermediate People's Court's official WeChat account has issued a statement urging caution against the speculation of "Peach Blossom Source NFT" digital collectibles. The article states that a digital collectible named "Peach Blossom Source NFT" has entered our city and is being promoted through online advertising and offline gatherings, suspected of conducting illegal financial activities under the guise of digital collectible investment.

The "Peach Blossom Source NFT" digital collectible is issued by Hong Kong Hengfeng International Holdings Limited and is promoted through its developed "FoChat" instant messaging software. This digital collectible is traded using virtual currencies such as Tether and has released a total of 8,888 pieces. On July 28, 2025, the Hong Kong Securities and Futures Commission has listed it as a suspicious investment product.