In a medium sized bowl, stir together chicken, 1 tablespoon corn starch, white wine, and 1 tablespoon soy sauce; set aside.
In another small bowl, combine 1/2 cup water, 1/4 cup soy sauce, honey, hoisin, ginger, red pepper flakes, rice wine vinegar and 1 teaspoon cornstarch. Stir well and set aside.
Heat oil over medium heat in a skillet. Cook chicken until it is crispy on all sides, about 5 minutes or so. Add the peppers and garlic and cook another few minutes. Pour the sauce over the chicken, add the peanut butter and stir well to combine. Bring to a boil and let bubble for about 5 minutes.
Stir in the sesame oil, peanuts and the white parts of the green onions. Cook for about 2 minutes.
Serve the chicken over white or brown rice. Top with the green parts of the sliced green onions as well as some additional chopped peanuts and cilantro, if desired. Enjoy!