Oh no, what bad luck! Someone was scammed out of $900,000!

A person holding 900,000 USDT wanted to exchange virtual currency for cash through offline transactions. He was quite cautious, first trying small transactions and checking the authenticity of the cash, but in the end, he was still tricked by the scammer. After receiving the USDT, the other party directly uninstalled the app and insisted they didn't receive the coins. Not only did he lose the virtual currency, but the $900,000 in cash was also gone. Because he couldn't provide evidence, the money could not be recovered.

This isn't the first time such an incident has happened. With the increasing popularity of virtual currency, many people choose offline transactions to avoid the risks of online trading, but this is actually more dangerous.

Those scammers use chat apps like Telegram, which are hard to trace, to set traps in advance. Even if something goes wrong with the transaction, they can easily deny it. Some scammers even hire someone to impersonate the other party in the transaction, completely shifting the blame afterward.

Currently, the law hasn't fully addressed this area, making it difficult for victims to defend their rights against such fraud.

To avoid being scammed yourself, pay attention to the following points when trading virtual currency:

1. Record the entire transaction audio and video to ensure the other party's identity is genuine, and the transaction details are clear.

2. Don't use foreign chat apps; use real-name apps like WeChat for communication.

3. After the transaction, wait for a while before leaving to prevent the other party from retracting the transaction.

4. If possible, sign a written agreement to leave evidence.

In summary, be especially careful during virtual currency transactions, and try to trade with trustworthy people to protect your money.

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