Uncle Hat suddenly calls you, how should you respond?
Those who have been in the cryptocurrency circle for a few years should know that when you suddenly receive a call saying, hello, I am from the XX Public Security Bureau, your account is involved in virtual currency transactions, please cooperate with the investigation, you might blank out and sweat when you answer, unable to recall which transaction went wrong. In fact, there is no need to panic; understanding the response strategies for these 4 questions can help you stay calm.
1. Is trading cryptocurrencies legal?
When the police throw out this question, many people panic. In China, although trading cryptocurrencies is not protected by law, it does not mean that you are committing a crime. It is a voluntary act; trading cryptocurrencies itself is not illegal, but if something goes wrong, no one will protect you.
This means you can buy and sell virtual currencies without breaking the law, but if you get scammed, the platform collapses, or you make a wrong transfer, suing in court won’t help; the law won’t assist you in recovering your money.
2. What to do if you receive fraudulent funds?
Many times, the money you receive might be mixed with fraudulent funds. At this point, the police may freeze your card or require you to return the fraudulent funds. Refunding is essentially proving that you did not participate in the fraud. The amount to refund can be negotiated with the victim; if your attitude is good and negotiations go well, your card might get unfrozen quickly.
3. Under what circumstances will the bank easily freeze your card?
Abnormal transactions trigger risk control: large transfers in a short period with dispersed objects, or significant differences in out-of-town consumption records compared to past habits, as well as frequent online transactions with large fluctuations, can trigger the bank's risk control system, resulting in your bank card being frozen.
For example: if you usually do not receive money at midnight and suddenly receive one or several large amounts, or if you suddenly receive money from unfamiliar accounts in another location, these are all abnormal behaviors.
4. Will not cooperating leave a record and freeze all cards?
This is the most common “scary thing.” In fact, it depends on the involvement level of your card:
• Level 1 involved card: most serious, the victim's money was directly transferred to you, which could freeze all your cards, and you may not be able to open a new card.
• Level 2/3 involved card: the illicit funds were transferred before reaching you; generally, only this card is frozen, and it does not affect other accounts.
Moreover, freezing does not equal leaving a record! As long as you are not a suspect, once the investigation is clear, there will be no records, and it will not affect your credit rating.