According to TechFlow, the Liangjiang New District Branch of Chongqing Public Security Bureau issued a notice on December 20, an investigation has been filed into the suspected illegal absorption of public deposits by Zuo Jianling and others from the "Jinding Group" under "Ding Yifeng". After investigation, it was found that the subject involved was suspected of engaging in illegal financial activities by issuing fictitious financial products and "DDO digital options".
Law enforcement agencies have taken a number of regulatory measures: the Futian Branch of the Shenzhen Public Security Bureau has taken criminal coercive measures against Sui Mouyi, Ma Mouqiu and other main suspects on suspicion of fund-raising fraud; the Hong Kong Securities and Futures Commission has issued a temporary injunction to 11 persons involved in the case pursuant to Section 213 of the Securities and Futures Ordinance, freezing assets involved in the case amounting to HK$6.353 billion and restricting their authority to dispose of assets in Hong Kong to ensure the effectiveness of subsequent recovery procedures.
In March this year, Shenzhen's financial regulatory authorities issued a risk warning on "DDO digital options", pointing out that the business is essentially illegal virtual currency issuance and trading activities. The case is currently under further investigation, and the public security authorities have stated that they will make every effort to promote the recovery of stolen money and losses to protect the legitimate rights and interests of investors to the greatest extent possible.
