At three in the morning, the phone screen suddenly lights up in the darkness, and a series of urgent vibrations wake you up. You answer the call, and a serious voice comes through: "Hello, XX Public Security Bureau, your account is involved in virtual currency transactions, please cooperate with the investigation."
Did your heart skip a beat? Did your palms instantly break out in a cold sweat? You desperately try to recall, but you can't remember which transaction went wrong?
Don't panic. Remember the following four key points to help you respond calmly:
1. Trading virtual currency ≠ illegal
Many people get nervous upon hearing "Public Security," but in China, individuals voluntarily buying and selling virtual currency is not illegal—it's just not protected by law. This means that if your transaction encounters issues such as the platform running away, being scammed, or making a wrong transfer, the law won't help you recover your losses. The risk is yours to bear, and there's no remedy for regret.
2. If you receive involved funds, cooperation for a refund is key
Sometimes, normal receipts may be mixed with scam funds. Once discovered, the police will freeze your bank card and request a refund. At this time, please cooperate—refunds are the best way to "prove your innocence." A good attitude and reaching a settlement with the victim will often lead to a quicker unfreezing of your bank card.
3. When will your bank card be frozen?
The bank's risk control system usually triggers a freeze due to "abnormal transactions," such as:
Suddenly receiving multiple large transfers in the early morning
Receiving remittances from unfamiliar accounts after long-term local consumption
Frequent online transactions with significant fluctuations in amounts
4. Will non-cooperation lead to a "record" or card freeze?
This is the most commonly mentioned "pressure tactic." Whether a record is kept or a card is frozen depends on the degree of your account's involvement in the case, rather than whether you are "firm in your attitude."
