July 9, 2025

I saw a screenshot where someone accidentally received a sum of 'black money' during a withdrawal and then was taken away. The key point is that inside, they were coerced into signing a confession, admitting guilt. In the specific process, due to the special system, workers might have some tasks on them, and they will kindly persuade you to confess for leniency. Once you sign, they have nothing to do with you anymore; the task is completed, and they don’t care about your life or death. Especially for ordinary people, there is a natural fear of the judicial department, coupled with a sense of inexplicable sanctity, making it easy to be induced to confess.

Those who have been in the crypto space for a while are well aware of this, and I want to emphasize it again. First of all, trading cryptocurrencies is not illegal; secondly, withdrawing funds is also not illegal. As for receiving 'black money,' it falls under uncontrollable factors. If you really encounter a situation where you are taken away for investigation, you must state the facts and explain your situation truthfully regarding your trading and withdrawals. As for the 'black money,' it was given to you by the other party exploiting the loophole of withdrawals, and you were completely unaware. Remember, this is very important: you definitely did not know there was 'black money.' If you knew and still handed it over to the other party, that would constitute a crime. However, the probability of encountering 'black money' during withdrawals is quite low, so this completely falls under the category of being unaware, not a subjective act; we are still victims.

Withdrawing funds is an objectively existing dilemma. I personally try to avoid frequent deposits and withdrawals; sometimes, I won't move anything for several months. As for what many people say about withdrawing through Hong Kong or overseas markets, the costs are relatively high, usually exceeding 1%, and it’s quite troublesome, with most withdrawals being in foreign currencies. Most of my transactions are still done through friends nearby who need it, which basically avoids encountering 'black money' and doesn't require such troublesome cross-border transfers. As for better methods, to be honest, I don't have any, especially with merchants like Binance or OKEx; in addition to possibly being contaminated by 'black money,' there are also some bad actors. I can only say, try to minimize transfers in and out, and find familiar people as much as possible.

There’s nothing particularly special about the market; Bitcoin has not broken through, and Ethereum has returned to $2600. There still seems to be a momentum trying to lead the entire market. However, the current market lacks hotspots to induce FOMO in capital; instead, US stocks and the A-shares have been performing better recently. All I can say is to continue waiting; good market conditions should not be far away.