How to prevent receiving dirty money when selling U?
According to Crypto.News, on April 30, reported by the web3 Radar public account
One of the core principles of safely selling U: do not be greedy for small gains
Selling U at a high price will definitely freeze your card; there are no free lunches. If the other party pays you 1% more, it is likely 100% dirty money!
If the other party offers to buy U at a price higher than the market price, adding a few extra points or even more, this is the basic standard of money laundering. Who wouldn’t want to earn a little more?
If you want convenience and safety, there will inevitably be losses; otherwise, why would someone provide you with clean funds without making a profit? Why would they do it? Charity?
If you want safety but not convenience, choose a Hong Kong bank. However, when you exchange foreign currency, you still have to convert it back to RMB, and you will face foreign exchange restrictions. If you exchange currency privately, it is even more of a money laundering hotspot. Additionally, banks will need to check the source of your U.
If you want safety, convenience, and a high price, congratulations, a hand of black money is reaching out to you.
The second core principle of safely selling U: sources of funds
The root cause of card freezing lies in the source of funds. You say you are selling U from an exchange; where does the money from the exchange’s coin merchants come from?
The money from the exchange’s coin merchants is just moving from one hand to the other, circulating among those funds in the crypto circle. Besides a pitiful number of retail investors, the rest are various black and gray industries that have been laundered, such as gambling funds, prostitution, Ponzi schemes, telecom fraud funds, and pig-butchering scams.
Therefore, when you sell U to a coin merchant, if you are lucky, you might receive funds from retail investors; if you are unlucky, you might receive gambling funds, and even worse, funds from scams.
It is essential to have a freeze when selling U from an exchange; don't tell me you sold U two or three times without a freeze; it's just a matter of probability. When lucky, there may not be a freeze; it could simply be that the victim did not report the case.
Sister Ning once encountered a female victim of a pig-butchering scam who lost over 500,000 without reporting it. The victim was already married with children but was deceived by a scammer online, who posed as a romantic partner to lure her into investing. It wasn’t until all her money became unrecoverable that she could not believe the other party was scamming her.
Sister Ning advised her to report it, but she was unwilling to do so, partly out of shame and partly out of fear of ruining her current family. This kind of person is precisely the target demographic for pig-butchering scams. Such victims generally do not want to report to the police due to work or face concerns and are referred to as “premium ingredients” for telecom fraud, also known as “premium chat.”
