If you trade USDT or other virtual currencies and the other party says they haven't received the USDT or coins after receiving them, refusing to give you the cash you brought. Similarly, after transferring USDT online, if the other party refuses to convert it to RMB, claiming they haven't received it, and then stops responding to your messages. The other party's actions constitute fraud, and you can report it to the police, claiming that you were defrauded of USDT or other assets. After the public security organs intervene, they can seize the other party's cash or freeze their card, and after a court ruling, it will be returned to you.
However, in reality, wanting to file a case can be described as fraught with difficulties. Many people who have encountered such incidents say that after the event, they managed to control the other party and sent them to the police station. But the response from the police is that they cannot file a case. The reason is that the 2021 Notification No. 924 stipulates that activities related to virtual currencies are considered illegal financial activities, and trading virtual currencies falls under self-borne risk, leading them to refuse to file a case, telling you to find a way out by yourself.
In fact, some law enforcement units' understanding of this is somewhat one-sided. The 2021 Notification No. 924 does not deny the property nature of virtual currencies; virtual currencies have value and can be objects of property crimes, falling within the scope of criminal law protection. The other party's actions actually constitute fraud and fall within the scope of criminal case filing. The self-borne risk mentioned in Notification No. 924 does not refer to the criminal law field but rather to the civil field, where investment and trading activities bear their own risks.
If you encounter the police refusing to file your case, you can seek the supervision of a higher-level police department or the local people's procuratorate to apply for case filing.
If you encounter such a situation and are able to control the other party but still cannot retrieve your assets... it can only indicate that you are a meek and honest law-abiding citizen.
