Emergency Warning: The so-called 'High Exchange Rate for USDT' is a legal hammer! Virtual currency is certainly not a lawless land

Beware of money laundering traps disguised as 'arbitrage opportunities'!

Typical cases sound the alarm

Beijing trader Liu was sentenced to three and a half years in prison for money laundering after knowingly assisting in the exchange of 200,000 yuan, which was illicit funds, into USDT. The court also imposed a fine of 40,000 yuan and confiscated all illicit gains. The judgment clearly stated: Anyone who knowingly participates in transfer, currency exchange, cashing out, etc., with funds of dubious origin constitutes a criminal offense!

Three fatal misconceptions

'Anonymity equals safety'

The transparent nature of blockchain makes all transaction records traceable. Law enforcement agencies have developed comprehensive on-chain fund tracing capabilities, and so-called 'covert operations' are merely self-deception.

'Small profits mean no risk'

Recent painful lessons from a trading group collectively involved in a case indicate that the 'boss' claiming high exchange rates for USDT is often linked to a Southeast Asian fraud group’s funding scheme, and participants unknowingly become accomplices in money laundering.

'Passive order-taking means no responsibility'

In judicial practice, feigning ignorance about the nature of funds also constitutes subjective intent. The mindset of taking chances will ultimately pay a heavy price.

Core principles of risk identification

'Abnormal exchange rates should be treated cautiously': Exchange demands deviating from the market price by more than 3% are likely to involve illicit funds.

'Delivery methods may have hidden tricks': Business models requiring cash transactions, multi-level transfers, or segmented splitting need to be scrutinized.

'Account screening is essential': Verify the account status of the other party through the 'National Anti-Fraud Center' APP, and immediately terminate transactions with suspected fraud accounts.

If you want to delve deep into the cryptocurrency space but can't find your footing, and want to quickly get started and understand information gaps, click on the profile picture to follow me for first-hand information and in-depth analysis! #名人MEME热潮 $ETH