According to CoinMeta, Phoenix Shipping announced that on November 6, 2026, the company received a "Case Filing Notice" from the China Securities Regulatory Commission (CSRC). Due to suspected violations of information disclosure regulations, in accordance with laws and regulations such as the "Securities Law of the People's Republic of China" and the "Administrative Penalties Law of the People's Republic of China," the CSRC decided to initiate a case against the company.