Fofund Wealth Management Products under Hengfeng International Shut Down

According to Foresight News, as reported by Caixin, FO-X (fo.com), the Web3 ecosystem under Hengfeng International, announced on July 23 that its fund management platform Fofund has issued a service change notice to investors. Fofund, acting as the fund manager, has decided to shut down and refund its financial products "Duoduo No.1" and "Duoduo No.2".