According to Crypto.News, on May 6, according to the web3 radar public account, the location was a male dormitory of a 985 university in Guangzhou. The protagonist is a veteran in the cryptocurrency circle. He started to get involved in digital currency during college. With a little vision, a little courage, and some luck, he had 18 million in profits in his account in three years.
He thought he had turned his life around, but who knew that a "high premium selling USDT" operation would completely ruin his freedom. That day, he received a quote on the OTC platform, and the buyer's bid was 5% higher than the market. He said: "It's a waste if I don't make money." So he happily traded coins.
20 minutes later, the police knocked on the door. They seized all the computers, mobile phones, and hard drives, and took him away on the spot, on suspicion of money laundering. He was confused: "I traded cryptocurrencies legally and paid taxes, so how did the money become stolen money?"
Sorry, even though you don’t know it, you are being “used” to launder money.
High premium ≠ windfall
It is often a trap set by criminals.
Don't imagine that someone will give you 5% of the profit for free.
In the cryptocurrency world, “high premium” often means “high risk”.
Behind this is actually a very mature routine:
1. High price temptation
Buyers lure you to release your coins with prices far higher than the market price, making it look like "you have made a profit", but in fact they want to launder the stolen money through your account.
2. Fake Payments
They forge transfer screenshots and take advantage of bank account delays to make you mistakenly believe that the other party has paid, so they release the money in advance. You will have no way to cancel the payment later.
3. Fund tracing
You think it is just an ordinary transaction, but the funds behind it may come from online fraud, online gambling, and gray industries. As long as the chain is investigated, you are the frozen "fund transfer station".
It’s not that you have a problem, it’s that you are “involved”. Bank risk control: More sensitive than your mother. You think you just “made a little money”, but the bank and the regulatory system look at you with a magnifying glass.
Common behaviors that trigger risk control:
If the transfer exceeds 500,000 in a single day: please go to the bank counter to "explain" the source of funds in person.
Suddenly there are several million more in the account: the anti-money laundering system automatically alarms, freezes the account and schedules an interview.
If you have a loan or online loan record: the system will directly mark it in red and put it on the high-risk list.
You must save the following "Coin Circle Pitfall Avoidance Guide":
An iron rule for transactions between acquaintances: collect money first and then release coins
Screenshots don't count! You must wait until the account is confirmed before taking any action.
Don’t use a “dirty card” to collect money. Your account may be clean, but the other party’s may not.
Cards with more than 10 transactions per month are very likely to be targeted by banks. Wallets and cards used to receive coins must be separated and the frequency should not be too high.
2. Ant Moving Style Cash Withdrawal: Being Low-key is More Important Than Anything Else
Split large amounts: For example, if you have 5 million, split it into 100 transactions, and transfer 200,000 every day, with a note of "payment for goods" or "consulting fee" to avoid attracting attention.
Using digital RMB for transit: Although it can also be traced, it is more flexible than the traditional banking system.
Don’t touch your Hong Kong card! Many people use Hong Kong accounts to settle foreign exchange, but when they check the source of funds, their cards are directly blocked. The unfreezing process is more difficult than the postgraduate entrance examination.
Three principles for choosing three platforms: Do not choose "unlicensed and three-no" platforms, only choose regular and reliable large platforms
Must have a financial/virtual asset license
KYC real-name authentication
Customer service + risk control mechanism
Avoid offline cash transactions: Even if you do it face to face, if something goes wrong, you will not be able to provide any evidence. Once someone calls the police, your money will be frozen to cooperate with the investigation.
Four "Three No Principles": Avoid pitfalls by relying on these three words
1. Don’t be greedy
Are you tempted by high premiums, insider information, and airdrops? The cryptocurrency world is always full of temptations, but what is lacking is calm people.
2. Disbelief
Those who claim to have "hundred-fold coins", have "inside information", and know the "rhythm of the banker's wash-out" are all part of the process of cutting leeks. You are not being deceived, you are being offered the opportunity.
3. No mixing
Don’t use your living card to speculate in cryptocurrencies! If the card is frozen, you won’t even be able to eat. Suggestion: Use the card for specific purposes, and use the money for speculating in cryptocurrencies with the cryptocurrency card, and completely cut it off from your daily life.
Five warnings: Sometimes it’s not that you’re stupid
You don't know how complicated this world is.
Legal risks: Cryptocurrency transactions are in a gray area in China, and those involved in capital laundering may be directly prosecuted.
Technical risks: Exchanges running away, smart contract loopholes, system bugs, millions of dollars evaporate in just 1 minute.
Market risk: The volatility is extremely high. A single piece of news can cause the market to soar or plummet. You cannot stop it from returning to zero overnight.
Please always remember:
You are not a bystander, not a victim, you are a link in the funding chain.
Once involved, you may be investigated, frozen, and examined - whether you know it or not.
Before the transaction: verify the identity of the other party and the source of funds.
During trading: proceed in batches in a low-key manner, make reasonable notes, and stay away from high-frequency accounts.
After the transaction: settle the account immediately and continue to pay attention to the status of the card.
Making money is not difficult, but keeping the principal is the most difficult.
