Previously, Mr. Bao Erye posted a video saying that his friend’s account was frozen due to an over-the-counter transaction of 10 million, saying that the asset was illegally obtained and may be confiscated.
So why is the card frozen or even confiscated?
In fact, this type of problem has been discussed many times in previous articles. The key point is not the amount of funds you cash out, but the source of the funds you cash out.
Your money is not clean. It is black money from overseas electronic fraud. The police will definitely freeze your account.
Generally speaking, the frozen black money will be confiscated after the court trial, so Guo Erbao, a friend of a friend, may have encountered an extreme situation: there is a large proportion of black money in the 10 million, so it was frozen and then confiscated. .
To put it in more detail, for example, out of his 10 million, only 500,000 is black money. He can entrust a lawyer to handle it and say, "I don't want this 500,000. Please unfreeze my card. I will have 9.5 million left as legal income."
But if 9.5 million of your 10 million is black money, do you think he can still open his mouth and say: Officer, I don’t want these 9.5 million anymore, I just want to take away my white money?
In the explanation process of his friend's friend, it may become: My money for currency speculation was confiscated by the police.
Then when we arrived at Guo Erbao's place, it became clear that the income from currency speculation was equal to illegal income, and the Jiangsu police confiscated 10 million of the assets of the currency speculator.
This is the only situation that qualifies for asset confiscation. The answer is actually very simple, but it has been artificially complicated.
Many people who speculate in cryptocurrencies have had their bank cards frozen after selling their coins for cash. I dare say that if you make withdrawals in the cryptocurrency circle for a long time, you will most likely face having your card frozen.
As a currency dealer with many years of experience, today I will reveal the money laundering routines of currency dealers so that leeks can avoid falling into pitfalls.
As we all know, when you go to the exchange to buy U, you will find that many merchants will review your bank card flow and even perform facial recognition. The stricter the review conditions, the safer the merchant is.
Retail investors who buy U will be subject to very strict review, and when merchants accept U, there will be a lot of retail investors rushing to sell to them. As long as the price is one penny higher, hundreds of millions of funds can be released within a few minutes.
How do bad people do it? They will register a currency trader account, and then put it on the platform to collect U at the highest price, so that the black money will be continuously transferred to the account of the leeks who sell the currency.
However, the Leeks were frozen and lost all their money. Their funds were frozen and deducted, which made their already poor life worse.
For safety reasons, it is best not to sell at the highest price on the platform, which is 100% placed by bad actors. Retail investors can use international U-cards to withdraw funds, or find reliable off-site currency dealers to withdraw funds.
