Oh no, it's really unfortunate, someone got scammed out of $900,000!

A person holding 900,000 USDT wanted to exchange virtual currency for cash through offline transactions. They were quite cautious, first trying small transactions and checking the authenticity of the cash, but in the end, they were still tricked by the scammer. After receiving the USDT, the other party directly uninstalled the app, insisting they hadn't received the coins. Not only did they lose the virtual currency, but they also lost the $900,000 in cash, and because they couldn't provide evidence, they couldn't recover their money.

This isn't the first time such things have happened. Now that virtual currency is becoming more popular, many people choose to conduct offline transactions to avoid the risks of online trading, but this is actually more dangerous.

Those scammers use chat software like Telegram, which is hard to trace, to set traps in advance. Even if the transaction goes wrong, they can easily deny it. Some scammers even hire people to impersonate the other party in the transaction, shifting all responsibility afterward.

Currently, the law hasn't fully regulated this area, so these scams make it very difficult for victims to protect their rights.

To avoid being scammed yourself, pay attention to the following points when trading virtual currency:

1. Record audio and video throughout the transaction to ensure the other party's identity is genuine, and the transaction details are clear.

2. Don’t use foreign chat software; use real-name software like WeChat to chat.

3. After completing the transaction, wait for a while before leaving to prevent the other party from retracting the transaction.

4. If possible, sign a written agreement to leave evidence.

In short, be especially careful when trading virtual currency, and try to trade with trustworthy people to protect your money.

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