Ningbo Intermediate Court: "Taohuayuan NFT" is suspected of conducting illegal financial activities in the name of digital collection investment

According to ChainCatcher, the official account of Ningbo Intermediate People's Court issued an article calling for vigilance against the hype of "Peach Blossom Land NFT" digital collections. The article said that a digital collection called "Peach Blossom Land NFT" flowed into our city and was promoted through online publicity, offline gathering and other methods, and was suspected of carrying out illegal financial activities in the name of digital collection investment. The "Peach Blossom NFT" digital collection is sold by Hong Kong Hengfeng International Holdings Co., Ltd. and is promoted through the "FoChat" instant messaging software it developed. The digital collection is traded in virtual currencies such as Tether and has been sold in succession. On July 28, 2025, the Hong Kong Securities Regulatory Commission has included it on the list of suspicious investment products.