College Student Earns Millions but Wears Silver Bracelet!
Recently, a news report titled "Top Student in College Earns Millions from Cryptocurrency Trading but is Taken Away by Police During Withdrawal" has gone viral in the crypto community. This raises the question: Is cashing out in the crypto world really that dangerous? Today, we will reveal the pitfalls of cashing out in the crypto space and teach you how to safely protect your hard-earned money!
Pitfall 1: Black Money Trap, Hard to Defend Against
What you think is a normal transfer could be a ticking time bomb:
Tier 3 Black Money: Just acquired a 3-day frozen card package, large funds may start from half a year
Tier 2 Black Money: Directly triggers judicial freeze, your principal could be lost
Tier 1 Black Money: Congratulations on acquiring a "Silver Bracelet", three years of all meals and accommodation is not a dream
Anti-Risk Secrets:
Don’t get carried away by high premium USDT traders! A player was tempted by a 7.5 yuan high price for USDT, and ended up stepping on involved funds. Moreover, avoid cash transactions offline — last year in Hangzhou, someone was robbed of 2 million USDT during a face-to-face meeting.
Cashing Out Survival Rules:
Three Principles for Trading with Acquaintances: Collect money before releasing coins, check transaction flow overnight, avoid high-frequency accounts.
Ants Moving House Style Cashing Out: Split 5 million into 100 transactions, transferring 200,000 via Alipay daily.
Be Cautious with Hong Kong Card Channels: Don't force it without an overseas account, be careful of getting stuck in the foreign exchange process.
Bank Risk Control Undercover War:
▶️ Daily transaction volume exceeds 500,000? Prepare for a counter visit.
▶️ Account suddenly increases by 8 digits? Anti-money laundering department will invite you for tea immediately.
▶️ Have online loan records? Congratulations, you've become a key focus object.
Core Takeaway:
Don’t be greedy for small profits and take shortcuts; transactions with acquaintances ensure safety. It is recommended that monthly cash outs do not exceed 30% of account flow, and to use digital RMB wallets for transition.