Must-read for crypto world enthusiasts: "Uncle Hat" calls unexpectedly, 4 steps to respond calmly without panic.

After struggling in the crypto world for a few years, who hasn't encountered this situation: the phone connects, and the voice on the other end says, "Hello, I am from the Chongqing Public Security Bureau, your account is involved in virtual currency transactions, please cooperate with the investigation"—instantly blanking out, palms sweating, unable to recall which of your transactions might be problematic. In fact, there's no need to panic; understanding the response logic to these four core issues will allow you to pass through calmly.

1. First, clarify: Is trading coins legal or not?

When the police raise this question, don't lose your composure first. In China, trading coins is not illegal in itself, but it is also not protected by law—voluntarily participating in virtual currency transactions does not constitute a violation of the law, but once you encounter platform collapses, scams, or transfer mistakes, even if you go to court to sue, the law will not help you recover the funds.
In simple terms: trading is free, but the risks are borne by the individual, and if something goes wrong, no one will "cover" for you.

2. Key issue: What should be done when receiving funds from an electric fraud?

Many times, the police contact you because the coin payments you received have mixed in with fraud proceeds. At this point, there is a high probability that your bank card will be frozen and you may even be required to return the related funds.
Remember: The core of a refund is proving that you were not involved in the scam. The specific amount to refund can be negotiated with the victim; as long as the attitude is positive and the negotiation goes smoothly, the bank card may be unfrozen soon, avoiding a long freeze that affects normal life.

3. Understand: Why was the bank card frozen?

Bank cards are often frozen due to "abnormal transactions" triggering the risk control system, common scenarios include:

• There are a large number of high-value transfers in the short term, and the trading counterparts are diversified;

• The transaction records from different locations differ greatly from past habits (for example, you usually never trade in a certain city, but suddenly receive a transfer from a local unfamiliar account);

• Frequent online transactions with significant fluctuations in amount;

• Non-routine trading hours (for example, if you usually do not receive payments in the early morning and suddenly receive multiple large sums of money).
These actions will be deemed "suspicious" by the system, triggering a freeze.

4. Don't be scared: Will not cooperating leave a record and freeze all cards?

This is the most common "scare tactic"; in reality, it depends on the involvement level of your bank card:

• Level 1 Involved Card: The most serious, the victim's money is directly transferred into your account, which may freeze all bank cards under your name and even prevent you from opening new cards;

• Secondary/tertiary involved cards: The illicit funds have been transferred through multiple hands before reaching you, generally only the involved bank cards are frozen, which does not affect other accounts.
More importantly: freezing ≠ leaving a record! As long as you are not a criminal suspect, once the investigation is clear, there will be no record left and it will not affect personal credit.
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