What is the underlying logic of selling U on the exchange and receiving fraud funds? (Collect to avoid pitfalls)
Today, let's talk about why your card gets frozen on the exchange, how their funding source works in a closed loop, and how the card farmer's fine chat fraud funds end up in your retail investor card.
What is 'fine material' (fine chat) fraud funds?
The telecom fraud gang adds victims as friends on various social networking, dating, and e-commerce platforms, committing fraud under the guise of romantic relationships and luring victims into various investments, commonly referred to as 'pig killing plates.'
According to statistics, many victims in this situation care about their image. Many people who have been scammed do not report it, hence it is called 'fine material.' This behavior is also referred to as 'fine chat.'
How are these victims associated with retail investors in the cryptocurrency space? Allow me to explain in detail. Don't think that selling the digital currency on the exchange without freezing your card is safe; most of it is this kind of money.
These card users mostly come from rural areas, lacking any skills, struggling to eat. They find card merchants (card farmers) to do part-time jobs, using a card for 2,000-3,000 yuan a day, unconditionally cooperating with the card merchants, with food and accommodation provided. The card users do not know the card merchants and have never met them.
The trader appears: connecting online with the card merchant. The card merchant remotely controls the offline connection between the card user and the trader. Upon meeting, they test the credit limit and status of the bank card and register for a virtual currency exchange. The trader gives the card merchant about 8,500 yuan per head, and the card merchant gives the card user 2,000-3,000, keeping the profit in between.
Confiscation of the card user's phone and bank card.
Personnel configuration: 4 security guards, one driver, one operator, and one security handling 2 card users.
Supplier (telecom fraudster): After the trader tests the card and confirms there are no issues, they directly transfer the fraud money to the card user's account. The trader then goes to a certain exchange to buy U, looking for unverified merchants or third-party payment services. They immediately transfer the funds to the currency merchant, who could also be a cooperative currency merchant, and then return the U to the supplier.
The rebate here is 10-15%. If the trader has 1 million, they will have a profit of 100,000, and then deduct the card merchant's fees, security wages, and daily expenses.
As long as your card is sufficient, the supplier's money flows continuously into the card user's account like a stream.
There is also cooperation with offline currency merchants; cash is collected by the card merchant, and the card user withdraws and hands it over to the currency merchant. Of course, there are many processes involved (99% of cash currency merchants wash money this way).
Do you understand clearly? Why would you, a retail investor, have your card frozen? What connection do you have with this group of criminals?
The intermediary channel is the currency merchant from the exchange. 80% of the funds of these exchange currency merchants are this kind of money. Those who say the funds are safe are merely victims who haven't reported it.
The currency merchant receives this kind of money and places an order to collect U. At this time, when you, a retail investor, sell your digital currency, the currency merchant transfers this money to you. Don't think it's a small probability to receive this fund; the entire exchange's fund pool is this kind of money. How can you avoid it?
With such a large scale of the exchange, why don't they dare to open a trading area for frozen cards with no reason for compensation? Because if they opened such an area, the trading volume could genuinely drop to zero, and users would run away.
Why would those card users sell their bank cards for a mere 2,000 yuan to cooperate with the trader in money laundering?
Because card users are at the bottom of the food chain, when something goes wrong, they are the first to be pressured, and they will definitely be pressured. They cannot even afford to eat. If they are poor, they aren't afraid of being pressured; that is their mindset.
The second type is the bottom-level resistance. A card user can only be used for one day; once used, they are discarded. They also know their fate and are taken away under pressure.
Therefore, the consumption is enormous, so they have a mechanism: pulling in a person to earn a 500 yuan reward, meaning they invite their little friends to participate in this matter.
They watch the traders living lavishly while they can't even afford a phone, creating a psychological gap; thus, when they are full, they think about how to resist.
Then they discussed and decided to run away.
How do they run away? After the supplier transfers hundreds of thousands to the card user's account, the trader goes to buy U. There is a time lag here; the trader may not be able to buy immediately, so the card user will constantly find ways to run away during this time and report the account to the bank.
There are plots of wits and courage; sometimes the trader fails to buy U in time, and the security has to watch these people not run away. They sleep while hugging the card user, their phones are confiscated, and they won't sleep at night, just keeping their eyes open. The security needs to sleep, so they can only hug the card user to sleep. Once they neglect it, the card user will run away and can never be found again.
Later, their response method was to drive several vans to spend the night in the wilderness. Even if the card users ran away, they couldn't escape the mountains.
In the mountains, card users cannot escape, so they prepare chili water. Upon receiving the funds transferred to their account by the supplier, several people spray it in the security guard's face and then scatter to escape.
One that runs away means a feast.
This is an extremely inhumane world. Everyone is insidious; the card users are at the bottom of the food chain. They have lost all humanity because they are faced with survival issues. They know they will definitely be caught in half a month, but what can they do?
It's like in the past during the famine. They clearly knew that eating 'Guanyin soil' could be deadly, yet they still consumed it. The brave ones started to resist, and card users are no different.
Those with psychological resilience will tell their uncle at the moment they are pressured that they received the funds in their account due to online gambling withdrawals or loan money flowing in and out. No more than 5% can withstand this. I have seen people who have gone in 5 times without being held accountable; they come out and continue to engage in money laundering.
So, back then, why did you receive dirty money and tell your uncle it was loan money flowing in and out? Your uncle would feel insulted, and hitting you would be mild.
What I write reflects the most real society I have seen. These things are practical knowledge missing from the entire internet. When you, a retail investor, sell U on the exchange, you are actually participating in the entire underworld. Of course, you come to be the one to take the fall since you care about your face; you are a decent person, your card is a wage card, a mortgage card, and you have to unfreeze it to continue living. Meanwhile, your opponents are desperate criminals; freezing cards? They don't care.
Only you take over; you will pay for the entire telecom fraud.
Only by knowing these things will you understand why your card gets frozen.
It's not enough to just review the flow of the currency merchants.
It's not enough to just look at the registration time of the currency merchants.
It's not enough to just look at the trading success rate of the currency merchants.
What you can see are just the correct nonsense taught by those half-baked bloggers.
Those who criticize me, saying they haven't had their cards frozen after several transactions.
It's like you safely walk through a gunpowder room with a torch; I still think you're a fool.
I wish you to get rich soon; come to me for cashing out 🤪
