Last weekend, a seismic event in the cryptocurrency industry suddenly shook the entire community. When Rhydge Xu Mingxing sternly warned in public: 'It is strictly prohibited to use online loan funds to speculate on virtual currencies, and all illegal funds will face comprehensive review,' everyone realized this was not a baseless rumor.
A silent crackdown has quietly begun. Last week, an anonymous user had their account urgently frozen after attempting to buy Bitcoin; not only were the funds returned through the original route, but their bank card was also locked simultaneously. A joint operation by the police and financial regulatory agencies has been fully launched, and any transactions suspected of online loan cashing or illegal fund mixing operations will be precisely tracked.
Even more shocking is that in a domestic financial fraud case, the criminal gang transferred USDT worth 13 billion yuan to a shell company in the Cayman Islands through a mixer just before the collapse. The Shenzhen Financial Regulatory Bureau has issued an emergency notice requiring all exchanges to assist in tracking the flow of funds. This explains why leading platforms like OKX suddenly strengthened their source of funds review.
The myth of anonymity in cryptocurrency is collapsing. OTC trading seems to be free from platform regulation, but big data tracking technology is uncovering the true nature of gray market transactions. Just like casinos strictly prohibit loan gambling yet secretly establish pawnshops, the gray areas of the virtual currency market are being gradually cleaned up.
At this moment, cryptocurrency investors are facing an unprecedented survival test. How to identify the warning signs of financial fraud? How to protect one's digital assets from being contaminated? This war over the safety of funds has only just begun!
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