Caught! University professor trading cryptocurrency offline sold U for 500,000 cash and is facing a lawsuit!
Don't think receiving cash is safe! Even if you get cash, as long as the money is dirty (like from scams or money laundering), the hat uncle can still trace you through the bills.
Why can cash be tracked?
Every bill has an 'ID': The serial number on the banknotes (like AB12345678) is recorded when cash is withdrawn from the bank, including who withdrew it, at what time, and from which branch.
Surveillance is everywhere: Cameras at bank counters and ATMs capture images of the person withdrawing money, and street surveillance can track the cash flow path.
Abnormal transactions = self-exposure: If you sell U at a low price in a hurry, contact using virtual numbers, or frequently engage in cash transactions, the police can directly determine that you 'know it's dirty money' and you won’t even have a chance to defend yourself.
What will happen?
All the dirty money will be confiscated.
You might face legal action (aiding and abetting crime, money laundering).
Even if the money isn't deposited into a card, as long as you spend cash and then deposit money into the bank, you will still be investigated.
The only safe way to sell U:
Only accept 'clean money': For example, if the other party is a legitimate e-commerce operator and the source of the money is legal (this is called 'white capital'), you can transfer, consume, or withdraw cash freely.
Don't be greedy: Look for reliable long-established currency dealers; prices that are too low are likely problematic.
Reminder:
Don't gamble on luck! Even a 1% risk, if you trade offline every day, you will eventually get caught. It’s better to earn a little less and follow the proper channels.