PANews reported on January 23 that, according to the official WeChat account of the Shenzhen Municipal People's Procuratorate, after legal review, the Shenzhen Municipal People's Procuratorate has filed a public prosecution with the Shenzhen Intermediate People's Court of Guangdong Province against 30 defendants, including Sui Guangyi and Ma Xiaoqiu, for crimes such as fundraising fraud, illegally absorbing public deposits, and money laundering, involving Shenzhen Dingyifeng Asset Management Co., Ltd., Hong Kong Dingyifeng International Holdings Group Co., Ltd., and their affiliated companies in Shenzhen and other places.

The Futian Branch of the Shenzhen Public Security Bureau previously issued a notice stating that "Dingyifeng" and its affiliated companies issued fake wealth management products and "DDO digital options" (which are "air coins") and engaged in illegal activities. They are suspected of committing crimes and a number of assets, including real estate, vehicles, equity, and bank account funds of "Dingyifeng" and its affiliated companies, have been seized, detained, and frozen.