Don't be careless with cryptocurrency trading! Beware of 'Black U' that can harm you!

When trading, be very careful of 'Black U', because once you encounter this dirty U, your bank account or exchange account may be frozen. Speaking of this, you might want to know, which U is considered 'Black U'?

Today, I will discuss the sources of these Black U and also help you understand to avoid stepping on landmines.

First, some exchanges actually have covert collaborations with online gambling platforms, specifically allowing gamblers to exchange USDT (also known as U). These USDT typically come from gambling, which is why they are called 'Black U'. Some OTC (over-the-counter) platforms are also involved in this arbitrage, but what they don’t know is that this may violate criminal law, leading to trouble, possibly involving charges of 'aiding criminal activities'.

Now let's talk about the current online gambling platforms; they are becoming increasingly cunning. To evade regulation, they convert Renminbi chips into USDT to avoid detection. If you want to participate in gambling, you must first load U! But these illicit funds will eventually flow into certain designated exchanges. Once this gambling platform is investigated, all U that has transactions with these suspicious wallet addresses will be deemed 'Black U'. If the police check and find that your account has had contact with these addresses, your exchange account may be considered an involved account, resulting in it being frozen, with dire consequences.

Another situation is how telecom fraudsters launder their ill-gotten gains after a successful scam. The answer is: by exchanging dirty money for U through exchanges. In this way, originally clean U can also become Black U. Scammers may wash these U through multiple transactions and return them to their hands, and these Black U will circulate among those who have transactions with them. If you inadvertently traded with these fraudsters, your account could be targeted by law enforcement, and a freezing notice will follow.

Therefore, in the process of trading cryptocurrency, in addition to being careful to avoid receiving dirty money, you must be vigilant about receiving 'Black U'. How to be cautious about 'Black U' and ensure safe withdrawal? Follow our homepage for answers.