Fofund, a wealth management product under Hengfeng International, has been shut down

According to Foresight News, according to Caixin, Fofund, a fund wealth management product platform under Hengfeng International's Web3 ecosystem FO-X (fo. com), issued a service change notice to investors on July 23, announcing the closure and refund of Fofund's fund wealth management products "Duoduo No.1" and "Duoduo No.2" as fund managers.