TechFlow news: On December 20, the Liangjiang New Area Branch of Chongqing Municipal Public Security Bureau announced that it has launched an investigation into Zuo Jianling and others from Jin Ding Group, a subsidiary of "Ding Yi Feng," for suspected illegal absorption of public deposits. According to investigations, the involved parties are accused of engaging in illegal financial activities by issuing fictitious wealth management products and so-called "DDO Digital Options."
Law enforcement agencies have taken multiple regulatory actions: The Futian Branch of Shenzhen Public Security Bureau has imposed criminal compulsory measures on key suspects Sui Mouyi and Ma Mouqiu on suspicion of fundraising fraud; the Hong Kong Securities and Futures Commission has issued interim injunction orders under Section 213 of the Securities and Futures Ordinance against 11 individuals involved, freezing assets amounting to HK$6.353 billion and restricting their ability to dispose of assets in Hong Kong, ensuring effectiveness of subsequent recovery procedures.
In March this year, Shenzhen financial regulators issued a risk alert regarding the "DDO Digital Options," stating that the operation essentially constitutes illegal virtual currency issuance and trading activities. The case is currently under further investigation, and law enforcement authorities stated they will fully advance asset recovery efforts to protect investors' legitimate rights and interests to the greatest extent possible.
