Yesterday, I spoke with a lawyer friend about the recent inquiries regarding whether contract losses can be reported and recovered. Particularly for those who deposit RMB to exchange for USDT and then trade contracts, resulting in their principal being quickly liquidated, even incurring losses of tens of thousands or hundreds of thousands, along with the traps of guided trading. Today, I will clarify which situations can be reported to recover losses:
First situation: Large platform losses, which are self-borne risks
For example, if you are trading on a large exchange like some Y or some A and you incur losses from contract trading (such as Bitcoin or Dogecoin) by guessing market trends, these losses are attributed to market conditions, do not fall within the criminal scope, and can only be considered self-borne risks, with losses borne by yourself.
Second situation: Being deceived into a scam exchange, possibly involving fraud
If someone claims to be an 'expert in contracts', teaches you how to operate and guarantees profit without loss, and then lures you into a scam exchange to convert USDT into the platform's token. Such platforms may offer trading in worthless tokens, or even manipulate data in the background using methods like 'Heaven and Earth Needle' or '1000x leverage', ultimately leading to liquidation. If such circumstances occur, it clearly falls under fraud, and law enforcement can file a case; there are many instances of successful cases being filed.
Summary
The core issue of contract losses lies in: whether the losses are due to normal market conditions or whether the data has been manipulated for fraud? Losses on legitimate exchanges are self-borne risks; if it involves scam platforms and false operations, quickly gather evidence and report it!