Last month, on the 21st, the wild chicken exchange sold U, and on the 23rd, 60,000 was frozen.

At a certain exchange, there was a transaction of 9,000 U made on the 21st, and on the 23rd, it was discovered that the card was frozen. After checking with the bank, the first thing I did was contact my uncle. He asked why I received 60,000 transferred from someone. I explained everything in detail, saying that I was trading cryptocurrencies, and on the 21st at the exchange, I completed a U transaction, and this 60,000 was the funds from selling U. Upon hearing this, my uncle said that since you are trading virtual currencies, according to the document regulations, related transactions are not protected by law, and you can only fully refund to unfreeze.

Not protected by law stems from Document 924, which states that related transactions that violate public order and good morals are invalid civil legal acts, and risks are borne by the parties. However, it does not say that if you sell U and receive illicit funds, you must fully refund to unfreeze, nor does it elevate to being unprotected by law requiring full refund. Whether or not to refund is actually similar to receiving illicit funds from selling gold; according to the last clause of the 2016 electric judicial interpretation, it applies to good faith acquisition, which does not require refund or unfreeze. Or according to the 2016 fund return regulations, the funds you received should be deducted and returned to the victims.

So, the main issue here is the applicability of law; which law applies to your situation, do you understand?

Wishing all you newcomers can get back on track soon, may everything go smoothly, and may you all make big profits, achieving the ideal numbers in your hearts!

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