How to report to the authorities if the other party claims they did not receive the USDT or virtual currency after receiving it and refuses to transfer?

If you trade USDT or other virtual currencies and the other party claims they did not receive the USDT or coins after receiving them, and refuses to give you the cash they owe you. Similar situations occur when the other party does not transfer RMB after you transfer USDT online, claiming they did not receive it and also stops responding to your messages. The actions of the other party have already constituted fraud, and you can report the case citing the reason of being defrauded of USDT or other assets. Once the public security organs intervene, they can seize the other party's cash or freeze their account, and after a court ruling, it will be returned to you.

However, in reality, trying to file a case can be described as extremely difficult. Many friends who have encountered such incidents say that after the event, they managed to control the other party and sent them to the police station to report to the public security organs. However, the response from the public security organs was that they could not file a case. The reason is that the 2021 924 notice stipulates that activities related to virtual currency are considered illegal financial activities, and trading virtual currencies is at the risk of the trader. They refuse to file a case on the grounds that trading USDT is not protected by law, leaving you to find a solution on your own.

In fact, some law enforcement units have a one-sided understanding of this. The 2021 924 notice did not deny the property attributes of virtual currency; virtual currency has value and can be the subject of property crimes, falling within the scope of criminal law protection. The actions of the other party actually constitute fraud, which falls under the scope of criminal case filing. The risk borne as mentioned in the 924 notice does not refer to the criminal law field, but to the civil field, where the risks of investment and trading activities are borne by the investor.

If you encounter a situation where the public security organs refuse to file a case for you, you can seek to apply for case filing supervision from a higher-level police authority or the same-level people's procuratorate.

If you encounter such a situation and can control the other party but still cannot retrieve your assets... it can only mean that you are a docile and honest law-abiding citizen.$BTC