In the first image, a friend from the cryptocurrency circle consulted me about the withdrawal price before the new year. After reporting the price, there was no further communication. A few days ago, he contacted me via voice and mentioned that over 300,000 RMB was frozen by an uncle in Beijing. The U trader suggested using a family member's card for the transfer, and he received funds involved in a secondary case. I also gave him some advice, but it felt like he wasn't listening. It doesn't matter; as a friend, I've done my best.

Get to the point

In the second image, this is the trader he dealt with. Fans who have seen my three key elements for cashing out will exclude such traders within three seconds. First, the trader was newly registered for only 65 days; second, they bought 230 transactions and sold 0, which doesn’t align with the logic of OTC traders making a profit from buying and selling; third, they only care about the price and don’t even choose reliable traders; fourth, the most critical mistake was agreeing to the trader's request for non-real-name remittance.

Let's review the three key elements for cashing out by Brother Fu! Trade on Binance and OKX exchanges, strictly review traders (registration time of over 2 years, the more total transactions, the better; having relatively fewer transactions in the last 30 days is preferable), and both parties should use real-name payments.

The most important point is coming

After being frozen, you should actively communicate with the uncle. After communication, it will be clear what the outcome might be. The uncle might tell you that virtual currency is illegal, etc., but according to Notice 924, virtual currency trading is not illegal. Good communication may not be too difficult for you; if the uncle mentions talking to the victims for negotiation, there is room for negotiation, and it may not necessarily mean a full refund; if the uncle says nothing, the probability of deducting the full amount may be higher. After communicating with the uncle, based on the actual situation, the uncle's attitude, and the size of the frozen funds, you can decide whether to hire a lawyer or not.