When dealing with large sums of cryptocurrency, especially when converting it into cash, banks are likely to question the origins of the funds, particularly if it's a substantial amount like $111 million. For instance, if you frequently convert USDT (U) to fiat and accumulate about $8 million without making withdrawals, banks may reach out, possibly offering specialized services such as insurance, wealth management, or even VIP account status.

However, selling USDT on various platforms comes with certain risks, particularly the potential involvement of "black money" (funds obtained through illegal means). If you unknowingly handle third-tier black money and the sum isn’t too large, your account might be temporarily frozen for a few days. Larger amounts could see your account frozen for months. In cases involving second-tier black money, there could be a freeze for up to six months or even asset confiscation.

Suspicion can also arise when trading USDT at unusual rates, such as selling at a higher price than the current market value. If you're engaging in transactions like selling for 8.1 yuan when the market rate is 7.3 yuan, it might raise red flags and lead to accusations of laundering illicit funds. To steer clear of such legal risks, it's crucial to avoid trading USDT at suspicious prices or dealing with unfamiliar platforms or merchants, as this could inadvertently involve you in unlawful activities.

If you've accumulated significant wealth and plan to withdraw it safely, the best practice is to work with a trusted party. They can provide the cash upfront, allowing you to transfer the USDT after confirming the funds. It's also wise to steer clear of accounts with frequent suspicious activities or those where the money hasn’t been held for at least three days. Always use standard, personal-use accounts to minimize potential complications.

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