According to TechFlame, on September 16, the Ningbo Intermediate People's Court issued a statement on its public account calling for caution against the “Taohuayuan NFT” digital collection hype. According to the article, at the beginning of the year, a digital collection called “Taohuayuan NFT” entered our city and was promoted through online promotion and offline gatherings. It is suspected that illegal financial activities were carried out under the name of digital collection investment. The “Taohuayuan NFT” digital collection is sold by Hong Kong Hengfeng International Holdings Limited and promoted through the “FoChat” instant messaging software developed by it. The digital collection is traded in virtual currencies such as Tether, and 888 copies have been sold. On July 28, 2025, the Hong Kong Securities Regulatory Commission added it

to the Suspicious Investment Products Alert List.