Account out 4000 U, Uncle Hat comes to the door
Just now, a fan contacted me, saying that a brother of theirs was arrested for selling U offline and receiving cash, and it has been 7 days with no release yet.
Here’s the situation:
This brother is also a crypto trader, usually trading coins, and last year wanted to cash out 800,000 U. The trader knew that selling U on the exchange might result in frozen cards from illicit funds.
They contacted the buyer through the over-the-counter method, requesting to sell U for cash offline.
Both parties agreed on the time, place, and price, and the transaction went smoothly, exchanging cash for U.
Just a few days after the transaction was completed, a small brother of the crypto trader was arrested.
