What is the underlying logic of receiving tele-fraud funds after selling U on the exchange? (Collect to avoid pitfalls)
Today, let’s talk about why your card would be frozen at the exchange, how their fund source closed loop works, and how the card farmer’s fine chat tele-fraud funds end up in your retail investor card.
What is fine material (fine chat) tele-fraud funds?
The telecom fraud gang adds victims as friends on various social networks, dating platforms, and e-commerce sites, conducting scams in the name of romance, inducing victims to make various investments, commonly known as 'pig slaughtering'.
According to statistics, many victims in this situation care about their image; many people who have been scammed won’t report it, so it’s called 'fine material', and this behavior is also called 'fine chat'.
How are these victims related to retail investors in the cryptocurrency circle? Let me tell you carefully, don't think that your digital currency sold on the exchange is safe just because your card isn’t frozen; most of it is this kind of funds.
Most of these Kawa come from rural areas, lacking 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, cooperating unconditionally with the card merchants, with food and lodging provided. Kawa does not know who the card merchant is and has never met them.
The trader appears: connects with the card merchant online, who remotely controls the connection between Kawa and the trader offline. When they meet, they test the bank card's limit and status, as well as register at the virtual currency exchange. The trader gives the card merchant about 8,500 yuan per person, and the card merchant gives Kawa 2,000-3,000, keeping the profit in between.
Confiscate Kawa's phone and bank card.
Personnel configuration: 4 security guards, one driver, one operator, and one security controlling 2 Kawa.
Supplier (telecom fraudster): After the trader tests the card without issues, they directly transfer the tele-fraud funds to Kawa's account. The trader starts to buy U on a certain exchange, looking for unverified merchants or third-party payments, and immediately transfers the funds to the currency merchant, which can also be a cooperating currency merchant, and then returns the U to the supplier.
The rebate here is 10-15%, that is, for 1 million, the trader will have a profit of 100,000, then deduct the card merchant's fees, security salaries, and daily expenses.
As long as you have enough cards, the supplier's funds will flow continuously into Kawa’s account.
There is also cooperation with offline currency merchants. The off-exchange currency merchants collect cash, and Kawa goes to withdraw cash and hand it over to the currency merchants. Of course, there are many processes in between (99% of off-exchange cash currency merchants do this kind of laundering).
Do you see clearly? Why are you a retail investor being card frozen? What connection do you have with these criminal groups?
The intermediary channel is the exchange currency merchant, and 80% of the funds from the exchange currency merchant are of this kind. Those who say the funds are safe are just victims who haven’t reported it.
The currency merchant receives this kind of fund and then places orders to collect U. At this time, if you, a retail investor, sell your digital currency, the currency merchant will transfer this fund to you. Don’t think this is a very small probability of getting this fund; rather, the entire transaction pool of the exchange consists of this kind of fund. How do you avoid it?
With such a large scale of exchanges, why don’t they dare to open a trading zone for frozen cards with no reason for compensation? Because once this zone is opened, the actual trading volume may be zero, and users will run away directly.
Why would those Kawa sell their bank cards for a mere 2,000 yuan to cooperate with traders in money laundering?
Because Kawa is at the bottom of the food chain, once something goes wrong, they are the first to be forced, and they will definitely be forced. That means they can't even afford to eat. They aren't afraid of being poor; are they afraid of being forced? This is their mentality.
The second type is the basic resistance. A Kawa can only be used for one day; once used, they are discarded. They also know their fate and are then forced away.
Therefore, the consumption is enormous, and they have a mechanism to pull one person in to earn a reward of 500 yuan, which is to invite their nearby friends to participate in this matter.
They watch the traders enjoy delicious food while they can't even afford a phone, creating a psychological gap, and once they are full, they start to think about how to resist.
So they discussed and decided to run away.
How to run away? After the supplier transfers hundreds of thousands to Kawa's account, the trader goes to buy U. There is a time difference here; the trader may not be able to buy it immediately, so Kawa will constantly think of ways to run away during this time and then report the account to the bank.
There is a plot 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 with Kawa, and their phones are confiscated. They won't sleep at night, just staring with their eyes wide open, while the security needs to sleep, so they can only hold Kawa to sleep. Once they neglect it, Kawa will run away and can never be found again.
Later, their coping method was to drive several vans to spend the night in the wilderness. Even if Kawa runs away, they can’t get out of the mountains.
In the mountains, Kawa cannot run away, so they prepared chili water. At the moment they receive the funds from the supplier, several of them sprayed it in the security guard's face and then escaped in different directions.
One who runs away eats meat.
This is an extremely inhumane world; everyone is sinister. Kawa is at the bottom of the food chain; they have lost all humanity because what lies ahead is a survival issue. They know they will definitely be caught in half a month, but what can they do?
Just like in the past years of famine, they know that eating the soil of Guanyin will kill them, yet they still eat it. The brave begin to resist, and Kawa is the same.
Those with mental fortitude, at the moment they are forced, will tell the uncle they got the money in the account due to online gambling withdrawals or they laundered loans, and those who can withstand this don’t exceed 5%. I have seen some go in 5 times without being held accountable, and they come out and continue to engage in money laundering.
So, back then, when you received dirty money and told your uncle about laundering loans, your uncle felt offended, and hitting you was a light punishment.
What I wrote is the most real society I have seen. These things are the dry goods that the entire internet doesn’t have. When you, a retail investor, sell U on the exchange, you are actually participating in the entire world of Jianghu. Of course, you come to be the scapegoat; after all, you care about your image. You are a decent person, your card is a salary card, a mortgage card, you have to unfreeze it and continue living, while your opponents are desperate criminals. Frozen card? It doesn't matter.
Only you come to take over, you will pay for the entire telecom fraud.
Only by understanding these things can you know why your card was frozen.
It's not enough to just review the cash 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 those half-baked bloggers teaching you the correct nonsense.
Those who criticize me, saying they haven't had their cards frozen after several transactions.
It’s like walking through a gunpowder room with a torch unscathed; I still think you’re a fool.
Wishing you a quick fortune, find me to cash out 🤪