[Real Event] I was arrested for selling USDT for 37 days, my wife left, and I still haven't retrieved the money, computer, and phone from my car.
I will narrate this in the first person.
Start!!!!!!!
I have been trading cryptocurrencies for several years, always in a state of loss. Last year, I was introduced by a friend to offline buying low-priced USDT and selling it on exchanges to earn the price difference. At that time, I could earn several thousand every day.
At first, I was afraid of any legal risks, but I couldn't resist the temptation. With such daily income, I gradually felt there was nothing wrong.
Life was quite carefree back then; I enjoyed eating, drinking, and having fun, often with young models at clubs.
With this money-making channel, I brought my good friend Li along to buy USDT offline and then cash it out on a certain exchange.
One morning, before I even got out of bed, I was taken away by an uncle from another province.
On the day of my arrest, my wife and child were crying uncontrollably. I didn't even know why I was arrested, just had a vague feeling that something was wrong.
The police confiscated my phone, computer, and the funds and bank cards in my car, including my USB security key.
During the police interrogation, I truthfully explained everything, only to find out that my bank card had received over 50,000 in fraudulent funds. I also clearly stated the facts about my buying and selling USDT.
The real situation was that I received fraudulent funds when selling coins on the exchange. After the interrogation, I was taken to a detention center that night.
In the detention center, everyone was a character—there were fighters, thieves, those spreading pornography, and those who damaged public facilities while drunk. Of course, the majority were there for aiding and abetting.
In the detention center, I ate steamed buns and boiled vegetables without salt, which was very bland. At that time, I thought if I had a pack of pickled vegetables or instant noodles, it would be heavenly.
As for showers, they were cold water showers. After 37 days of this life, I was finally released.
When I returned, I didn't go home directly but found a hotel to stay in. I was afraid to go home and face relatives and friends. In the hotel, I drank myself into a stupor, and that night I cried…
After a few days in the hotel, I went home to face all the rumors.
Upon returning home, I found my wife was very cold towards me. By chance, I looked through her phone and found flirty messages between her and my friend!!!!!!
Damn it, I was so angry I was shaking, furious, and confronted her. She cried and yelled, saying she thought I wouldn't come out for at least a few years, and then—then—
Divorce, it must be divorce.
Damn it, trading cryptocurrencies and selling USDT led to my family falling apart, and my relatives and friends looked at me with strange eyes…
Selling USDT really ruins lives!
Months later, I asked my uncle to retrieve my phone, computer, and other properties, but the response I got was that the case was still pending, and the relevant materials would not be returned…
As of this year, I still haven't gotten my things back. I asked a lawyer, and the lawyer told me to go to the legal office to explain the situation and accept the return of the 50,000 involved in the fraud.
(There are some sensitive matters that I won't write about.)
After going through this incident, I deeply understand the risks of selling USDT.
There are on-exchange and off-exchange traders. On-exchange traders:
They provide margin through exchanges, similar to "regular troops"; of course, those shady exchanges and traders on black and gray platforms don't count. They are the tumors of the crypto world. Selling USDT and cashing out there, you will likely have your black money bank card frozen.
On-exchange traders deal with the general public, providing USDT and other virtual currency exchange services for people in the exchange.
Many newcomers think that buying and selling USDT on exchanges is trading with the exchange, but it's not; you are trading with traders recruited by the exchange.
In the past, anyone could be a trader as long as they had some money, but now it requires referrals and reviews, raising the threshold. Newbies basically have no chance of entering the trading industry.
Now, starting as a trader on certain exchanges requires about 300,000 to 400,000 in capital. After paying the margin, there are about twenty others doing trades. The profit is roughly two to three percent; after one round of trading 10,000 USDT, you can earn two to three hundred RMB. Earning hundreds or thousands in a day is normal; how much you want to earn depends on whether your time allows and whether your bank card and other payment channels are not under risk control.
If you want to quit, you can apply for a refund, and the exchange will return your margin.
Traders do not lose money; the only risk is bank risk control and having their bank cards judicially frozen. The trading targets for traders are not just legitimate crypto traders; they can also be fraudsters, gamblers, pyramid scheme leaders, etc. Therefore, KYC audits for traders must be professional and strict.
Being a trader is not just about buying and selling USDT for profit; it is a high-tech requirement industry. First, you need to assess the trading counterpart's account qualifications, bank statements, source of funds, understand photo editing, have capital reserves, resilience, a clear mind, and good eyesight. Don't make wrong transfers; if you do, and the other party doesn't refund, you report to customer service, and they say the other party's account has no assets and can't be contacted. You have no way out; you can report it to the police if you want.
Also, one more thing, you need to have good kidneys.
Traders sit in front of the computer all day, which is a high-risk industry for prostatitis.
The greatest tragedy in life is having money but no energy. Where are the risks for traders?
Bank risk control, judicial freezing of bank cards.
Traders need to buy and sell USDT daily, with huge bank flows. Daily flows of millions are normal, and several million is not uncommon, so it is very easy to trigger the bank's anti-fraud system. Therefore, most traders operate multiple cards, separating income and expenses, or use other resource channels as payment accounts.
Judicial freezing of bank cards usually occurs when they receive first-hand black money. In such cases, it is normal for uncles to come and press you. There are many uncertainties for on-exchange traders, and some risks cannot be avoided.
Thus, off-exchange traders emerged.
Off-exchange traders do not go through exchanges; they conduct cash transactions offline or online transfers for USDT. They have their own clients and traffic, making money through their reputation and credibility. Their profits are higher; earning two to three percent on-exchange is normal, while off-exchange, earning three to four dimes is also normal.
Some may wonder why people seek off-exchange traders to sell USDT at lower prices?
Because off-exchange traders can guarantee the safety of funds without freezing cards. Off-exchange traders usually buy USDT with cash or deposit cash before transferring to buy USDT.
If you have never had a card frozen, you won't understand the consequences of a frozen card and how important the safety provided by off-exchange traders is.
Be cautious; those traders on encrypted chat apps like "Airplane Bat" are, I can responsibly say, all scammers or fraudsters. If you trade with them, either your assets will be scammed, or your bank card will be frozen after you receive the payment.
Keep your eyes open; don't risk yourself for a tiny profit. Stick to reliable traders.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
