📌 Withdrawing once, and being labeled as fraud | The crypto risks you might overlook

Yesterday, our team received a new case, which is quite regretful.

The person involved is a Bitcoin Hodler who has been hoarding coins for years, never trading, and almost never withdrawing.

This time, due to an elderly family member needing medical treatment and urgent money for home renovation, he found a reputable merchant on the platform to make a withdrawal, and as a result…

⚠️ Just this one withdrawal mixed his account with a chain of "dirty money".

As a result, he was directly subjected to police investigation, charged with: fraud.

Yes, just one withdrawal, and he was defined as committing fraud.

This is not even a typical OTC high-frequency trading account, nor is it a dedicated player engaged in arbitrage—just an old Hodler in urgent need.

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💬 Withdrawal ≠ illegal, but “no crime on-chain” ≠ “no liability off-chain”

In China, withdrawing has now become a high-risk action in the crypto space.

Many people think:

“I am a merchant matched by the platform”“I have chat screenshots”“The other party has a good reputation”

That it means they are making a “clean withdrawal”.

But the reality is: as long as the fund path involves dirty money, it could be considered a part of a money laundering chain.

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🧠 Therefore, I really want to remind all friends in the crypto space:

1️⃣ If you can avoid withdrawing domestically, don’t withdraw.

2️⃣ Usually keep a cash reserve in case of urgent needs to avoid a chaotic withdrawal.

3️⃣ If you must withdraw, always choose a trading counterparty with a clear identity and traceable source, and leave a record or screen recording if necessary.

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💥 In this industry, risk comes not only from price fluctuations but also from ambiguous rules.

Crypto holders in the country not only face market risks but also bear legal risks under unclear regulations.

Sometimes, “not moving” is the greatest safety.

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🧷 If you know someone who is still withdrawing, remember to share this article with them.

This is not to scare, but a sincere reminder.

Just by seeing this content, you’ve already gained something.

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