College student caught withdrawing millions from cryptocurrency trading! A must-read guide to avoid pitfalls in the crypto world
🔥 Millions in profits turned into 'silver bracelets'? How risky is cashing out in the crypto sphere?
Recently, news of 'college students making millions from cryptocurrency trading, being investigated by police during withdrawals' has sparked heated discussions. Behind the seemingly attractive cashing out in the crypto world lies multiple hidden risks. From money laundering traps to bank risk controls, a slight misstep could lead to stepping on a landmine, and one could even face legal risks.
🔍 Money laundering risk levels: Touch it and it will explode!
Level 1 Dirty Money (High Risk): Involves serious crimes such as fraud and money laundering; once received, one faces criminal detention and asset confiscation directly, with a maximum sentence of 10 years.
Level 2 Dirty Money (Medium Risk): Mostly involves gambling and gray industry funds; accounts may be judicially frozen for at least 6 months, making it difficult to recover principal, and cooperation with investigations is required.
Level 3 Dirty Money (General Risk): 90% of transactions on platforms may encounter this; abnormal transaction flows trigger a 3-day freeze, affecting personal credit.
🚫 Newbies must avoid three deadly traps
❌ High premium temptation: Selling U at a price 5% higher than market price (e.g., selling U for 7.5 yuan when the market rate is 7 yuan) is likely a dirty money trap, and players have been involved in related funds.
❌ Offline cash transactions: A case in Hangzhou involved a face-to-face deal of 2 million USDT being robbed, with no third-party guarantee and difficulty in rights protection.
❌ Hong Kong card hard currency exchange: Forcibly exchanging currency without proof of foreign income easily triggers a 'capital item abnormality' warning, and the account could be permanently frozen.
✅ Three effective strategies for safe cashing out: Tested and effective!
1. The rule of trading with acquaintances
Collect money before releasing coins: Refuse any requests for 'releasing coins before transferring money' to avoid losing both the money and the goods.
Transaction flow screening: Require the other party to provide bank transaction records for the past 3 days, avoiding large transfers at midnight and 'problematic accounts' with quick in-and-out transactions.
Small test orders: Control the first transaction to within 100,000 U, and only expand the scale after confirming safety.
2. Ant migration strategy
Split accounts: Use family and friends' bank cards to disperse withdrawals (each person with a foreign exchange limit of 50,000 per year), with no single card exceeding 200,000 in a single day.
Split platforms: Operate across multiple platforms such as Binance and OKX to avoid being flagged for large cash outs on a single platform.
Split scenarios: Sell U funds first transferred to a digital RMB wallet, then withdraw to a bank card to simulate normal financial flow.
3. Bank risk control counter-strategy
Refuse integer transfers: Avoid transferring amounts like 100,000 or 500,000; set them to 98,000 or 493,000 to closely resemble actual consumption.
