Buying and selling U coins leads to imprisonment; many say there’s nothing wrong, yet a 3-year sentence was handed down.
The day before yesterday, a friend asked me: A used a bank card to buy and sell USDT for a profit, with a trading volume of 6.8 million, and was convicted of concealing criminal proceeds, receiving a 3-year sentence! Many "crypto friends" say this industry is not illegal, but reality hits hard. It’s just that the right channels weren’t chosen. Let’s talk about why ordinary people selling carries risks? #Strategy增持比特币
Why can buying and selling U coins lead to imprisonment?
1️⃣ Aiding and Abetting Crime (Criminal Law Article 287)
👉 Receiving funds related to fraud in a trading account constitutes a crime.
B sold 100,000 U, but the buyer turned out to be a fraud gang, and after the bank card was frozen, continued trading, ultimately sentenced to 1.5 years for aiding and abetting.
2️⃣ Concealing Criminal Proceeds (Criminal Law Article 312)
👉 Knowing that the funds are problematic yet still assisting in the transfer.
A was clearly informed that the U coin buyer was engaged in "score laundering" but still provided multiple bank cards for trading, with a trading volume of 2.4 million, sentenced to 3 years and 2 months.
3️⃣ Illegal Business Operation (Criminal Law Article 225)
👉 Reselling foreign exchange by trading USDT.
C set up an OTC trading platform, trading over 300 million U coins in 2 years, was deemed to be illegally buying and selling foreign exchange, and was ultimately sentenced to 5 years in the final ruling.
⚠️ What you think is "safe operation" is all a trap:
✖️ "Not directly participating in fraud means nothing will happen" → Indirectly assisting in the transfer of stolen funds also leads to conviction.
✖️ "Cash transactions are safer" → Large amounts of cash with unknown sources still involve money laundering.
✖️ "Only doing transactions with acquaintances" → If the supplier is caught, the entire transaction chain is immediately implicated.
📌 Key points recognized by public security and law:
1. Whether the funds are involved in fraud (even just one transaction with stolen money)
2. The frequency and scale of transactions (monthly trading volume exceeding 200,000 meets the case filing standard)
3. Whether anonymous communication tools are used (Telegram/Bat etc., directly presumed to be aware)
Pitfall avoidance guide:
1️⃣ Immediately stop off-market trading (unfreezing bank accounts ≠ no issues)
2️⃣ Remember when summoned:
✔️ Request to see the police officer's ID
✔️ Read the record word by word before signing
✔️ Contact a lawyer immediately
❗️ What to do if being investigated?
Immediately do three things:
1. Print all bank transaction records (with counter stamp)
2. Organize counterparty information
3. Prepare proof of legal source of funds (salary, loans, etc., documentation)
Important reminder:
The Supreme Court case clearly states:
⚠️ USDT is considered "virtual property" but not legal tender.
⚠️ Professionally reselling USDT = disguised foreign exchange trading.
⚠️ Receiving stolen funds and not stopping immediately = presumed "knowingly".
