Tianfeng Securities is under investigation by the China Securities Regulatory Commission (CSRC). Its subsidiary had previously been approved in Hong Kong to provide virtual asset trading services.

According to Foresight News , citing Caixin, TF Securities announced that the China Securities Regulatory Commission (CSRC) has issued a "Notice of Case Filing" to initiate an investigation into TF Securities for suspected violations of information disclosure regulations and illegal financing, in accordance with the Securities Law, the Administrative Penalty Law, and other relevant laws and regulations. Previously, TF Securities disclosed that its wholly-owned subsidiary, TF International Securities & Futures Limited, had obtained approval from the Hong Kong Securities and Futures Commission (SFC) to acquire a Type 3 license related to virtual assets, enabling it to provide virtual asset trading services through integrated account arrangements.