The latest ruling from Beijing No. 2 Intermediate People's Court sounds the alarm for the crypto world: Someone helped exchange 200,000 cash for USDT (which was actually fraud proceeds) and ended up with a sentence of 3 years and 6 months + a 40,000 yuan fine! Not a scammer, just helping to 'exchange coins', still ended up in prison!
Judge highlights key points: These 3 types of operations = stepping on a mine!
1. Do not accept unknown cash for USDT - If the other party can't explain where the money comes from (for example, 'business returns' but with no proof), definitely do not accept it!
2. Greed for high transaction fees - If someone promises 'transfer 10,000 USDT for 500 yuan', 99% chance it is dirty money!
3. Helping with transfers and withdrawals - Even if a friend asks you to 'transfer coins to a certain address and then withdraw', you are still an accomplice to money laundering!
Regulatory actions are serious! Virtual currency is not a lawless land; on-chain tracking technology is mature. Want to rely on USDT to evade regulation? Not easy!
Retail Investor Self-Protection Guide:
Only trade on real-name platforms, refuse cash/anonymized transfers.
Keep records of every transaction (chat, transfer screenshots).
If faced with urgency, large amounts, or split transfers, directly block them.
No matter how high the fees, if something feels off, do not engage!
A bloody lesson: 200,000 exchanged for 3 and a half years in prison, not worth it! You can make money in the crypto world, but don’t touch dirty money!
If you feel lost in a bull market, you might as well follow You Ge’s footsteps; You Ge will lead you out of the bull market door.
