Ningbo Intermediate Court says "Peach Blossom NFT" is suspected of illegal financial activities

According to Bijie.com, Ningbo Intermediate People's Court's official account 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" at the beginning of the year flowed into our city and was promoted through online publicity and offline gathering, 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 successively. On July 28, 2025, the Hong Kong Securities Regulatory Commission has included it on the list of suspicious investment products.