【Real Case Warning: The Cost of 18 Million】
Recently, a case has been circulating in the cryptocurrency community: a top student from a 985 university made 18 million from trading cryptocurrencies, only to be taken away by the police when attempting to withdraw. It seems outrageous, but many people could encounter similar traps.
Case Analysis👇
In March 2025, a university student in Guangzhou was tricked by a "high premium miner" when selling USDT. The other party used stolen funds to buy coins for money laundering, resulting in a trace back on the blockchain, freezing the account, and the individual being investigated.
Common triggers for bank risk control:
- Daily transfer exceeds 500,000
- Sudden significant changes in the account
- Records of online loans or credit issues
How to withdraw safely?
- Trade with acquaintances, confirm receipt before transferring coins
- Split amounts, withdraw in small portions
- Avoid high-frequency receiving accounts, do not use Hong Kong cards
- Use only compliant OTC platforms, check merchant reputation and transaction history
Three No Principles:
Do not be greedy for high premiums, do not trust insider information, do not use daily living cards for transactions.
⚠️Important Reminder:
Virtual currencies are not protected by law in the country; once involved in money laundering, one may face criminal liability. Additionally, there are risks such as smart contract vulnerabilities, exchange bankruptcies, and drastic price fluctuations.
Summary in one sentence:
Being greedy for short-term gains may cost you your freedom. In the cryptocurrency world, caution is always the top priority.
