Hong Kong Securities and Futures Commission: Beware of suspicious investment products such as "FoFund", "Fo Coin", and "Peach Blossom Source NFT".

DailyNews

2025-07-29 11:50:05

PANews, July 29 - The Hong Kong Securities and Futures Commission (SFC) announced a warning to the public to be cautious of suspicious investment products named “FoFund Duo Duo No. 1” and “FoFund Duo Duo No. 2”, “Fo Coin”, and “Peach Blossom Source NFT”. These products involve management strategies related to virtual asset investments, digital tokens, and non-fungible tokens related to artworks. These investment products have not been approved by the SFC for sale to the public in Hong Kong. The SFC has noted that the public can access information about these products through their related websites, social media accounts, and associated mobile applications. According to previous reports, Caixin stated that the Fofund fund wealth management products under Qian Fenglei have been suspended.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments