You searched through countless U merchant advertisements and finally chose a U merchant that looked decent for the transaction.
The U merchant transferred into your account via Alipay, WeChat, or bank card, you confirmed the transaction was completed, and 1 million USDT arrived in the U merchant's account.
In this process, the exchange acts as a guarantor and temporarily locks your USDT. Once the merchant completes the payment and you confirm the information, the exchange will release the funds. There should be no problems throughout the process; the only issue that might occur is...
The 1 million that the merchant sent you has black capital!
This is a link in your cash-out process that you cannot escape no matter what. How can you confirm that the merchant's funds are okay?
Days of accumulation? Promises of full compensation for frozen cards? The reputation of old cryptocurrency merchants?
Which one... do you tell me is useful?
It's useless, countless frozen card cases tell everyone that this frozen card is a low-end 'black swan' event. When the funds explode is entirely dependent on when the victim reports it. I have a friend whose frozen card case lasted the longest, for two years!
Make it clear, it was frozen two years later!
He was confused himself and when he was about to find the transaction order to appeal, the exchange had already cleared it, and there was no information to check!
The fundamental reason for a frozen card is:
First, you do not know whether the money transferred by the U merchant has any issues.
Second, even if there are no issues this time, it may still be frozen months later due to past funds being involved in a case.
Third, even if there are no issues, it may still be due to the counterpart being flagged by the bank's big data risk control for frequently entering and exiting funds, causing related cards to be frozen.
Fourth, if your domestic card's funds frequently enter and exit, it does not match your previous identity; quick entry and exit without retention time can also trigger the bank's risk control freeze.
Hehe, it can be checked, but this belongs to on-chain technology, so I'll set that aside for now. This is not about recharge and withdrawal information being checked by the uncle, but rather that the bank card has been targeted by the anti-fraud big data center...
The logic is like this: gambling brothers often use USDT to transfer funds and then buy and sell coins on some exchange platforms. Due to the high frequency of transactions, their bank cards have had interactions with cards flagged by the anti-fraud center and are monitored by big data.
Most cryptocurrency merchants' bank cards are high-risk bank cards. If you have dealings with them for a long time, your bank card will also be labeled as 'fraud' in big data.
Additionally, I would like to remind everyone! The cryptocurrency market is full of uncertainties and challenges, but it also contains potential opportunities. Investors participating in cryptocurrency investments should fully understand the related risks, remain calm and rational, and respond to market changes with a prudent strategy!