The crypto world is in turmoil! A Chinese car dealership is reportedly using BTC/USDT to launder money for Mexican drug dealers? 2000 people are under investigation; has your exchange been '踩雷'?

Shenyang police have uncovered a major case — the owner of a Chinese car dealership was engaging in illegal currency exchange in the United States, selling Bitcoin and USDT to Mexican drug dealers in exchange for cash in dollars! The case involves over 2000 people, 49,000 accounts, and millions of transaction records, making it a crypto version of 'Infernal Affairs'.

What’s particularly chilling is that this individual not only serves 'special clients' but also regularly exchanges currency for international students, businessmen, and even gamblers. In other words, those 'good exchange rates, fast transactions' private exchange channels around you might be linked to a transnational money laundering chain!

The crypto world has suddenly turned cold:

On-chain transactions ≠ anonymous safety! The police can trace millions of records, indicating that big data monitoring has already covered the flow of on-chain assets.

Private currency exchanges have become a 'high-risk action', especially large transactions, which are easily flagged by the system as suspicious funds.

Once drug money flows into a certain exchange or wallet, relevant accounts may be frozen due to 'joint liability'.

Survival advice for players:

Absolutely stay away from 'gray exchanges', especially those claiming 'no limits, low fees'!

Only use licensed compliant exchanges; although the fees are slightly higher, the funding paths are clean.

It is advisable to spread large assets across multiple wallets to avoid a single address being associated with tracking.

Pay attention to the background of trading counterparts and refuse to interact with addresses of unknown origin.

The world is perilous, and regulation has drawn its sword. To avoid being 'hit by a melon', you must uphold compliance standards! #USDT $BTC