牛小静律师

📌 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.

#WithdrawalRisks #Bitcoin #Web3Law #OTCTrading #CryptoSecurity #OnChainOffChain #RealCasesInCrypto #LegalPerspectiveOnCrypto

#Web3 Lawyer · Growth Notes | 25.04.28
1️⃣ The Most Important Thing❗️
In reading, enjoy true freedom.
I originally planned to handle some work-related information, but couldn't help but focus on Teacher Wang Chuan's book.
I particularly enjoy this kind of reading that enhances cognition.
Yesterday, I spent the whole day reading slowly, thinking slowly, and was hardly disturbed by anyone.
Such days are very luxurious and nourishing.
I remember a line from Ding Yuanying in 'The Distant Savior': the gist is, with a bit of money, one can ignore everyone for a year and be alone.
In my view, freedom has never been about partying every night, but about having the confidence to choose discipline and the ability to be alone.
In reading, the past and future quietly intersect.
Reflecting on my own path while sketching new ones.
Content with the present while quietly growing.
2️⃣ Harvest / Review 👣
I found that I actually do not adapt well to the fast-paced flood of information.
I read slowly and get easily distracted; I need a quiet and free environment to truly be myself.
In the future, I need to regularly create this nourishing space for myself.
📈 Thoughts on 'Unique Advantages':
The 'structural advantages' mentioned by Teacher Wang Chuan, in my view, are the unique barriers formed by combining one's endowments, interests, and resources in a specific environment.
Others cannot learn or copy it.
Long-termism is about slowly developing this advantage after understanding oneself, allowing it to grow exponentially and building one's own moat.
3️⃣ Happiness / Gratitude 🥹
I am grateful for this truly free time,
which allows me to slowly explore myself and grow.
4️⃣ Inspiration 💡
'Many people spend less than 5% of their time studying market demand, yet spend 95% of their time blindly producing and working.' — Wang Chuan
Whether in Web3 entrepreneurship or the legal services field, true long-term value always comes from a deep insight into market demand.
In this world, only relationships that others truly need will last.
Any demand that others are unwilling to pay for is actually a 'pseudo-demand'; it’s not worth the effort.