If you’ve made a significant profit from crypto and are considering withdrawing a large sum—say, $3 million in USDT—be prepared for some extra attention. Banks will likely be suspicious of major transactions and may offer you services like insurance or premium accounts. Sounds great, right? But there’s more to be cautious about.
Beware of “Black Money” Traps: Selling USDT through unfamiliar platforms or brokers can leave you dealing with illegal funds. Here’s what can happen if you encounter “black money”:
1️⃣ Minor issue: Your account may be temporarily frozen for a few days.
2️⃣ Serious consequences: You could face account freezes for months, asset seizures, or even legal trouble. In the worst case, you could be imprisoned or have long-term restrictions on your financial transactions.
Avoid suspicious transactions: Selling USDT at odd prices—like $6.8 when the market price is $6.5—can attract attention for suspicious activity. Stick to legitimate platforms and market rates to avoid legal trouble.
Prioritize safety: Only transact with trusted individuals or platforms. Make sure funds come from verified accounts that have been stable for at least five days. Stay away from cash transactions as they may involve black money or pose personal safety risks. Always confirm the legitimacy of the funds before completing any transaction.
Key Point: Play smart and safe when withdrawing your crypto. Protect your earnings by avoiding unnecessary risks that could lead to legal trouble. Always be vigilant!