Reposted from Big Orange: The follow-up to Sunny Day’s story, I can tell you the ending: The general plot is that I sold U in OTC of OKX, was arrested by a small local jc and imprisoned for 37 days, and was finally released on bail. Later, the court deducted 200 and ended the matter.

Our internal partners brought it up 2 years ago, but nothing has happened so far, as shown in the picture.

Now that we have talked about this issue, let me tell you how to avoid this kind of risk control

Pay attention to a few points, which can effectively prevent the card from being frozen when collecting black money.

(1) For over-the-counter transactions, try to choose major platforms such as Binance and Ouyi. These platforms have good communication channels and risk control methods with mainland regulatory agencies and law enforcement agencies.

(2) Try to choose an OTC platform that supports T+1/T+2 withdrawal strategy. Although the cash cannot be withdrawn immediately after the coin sale, it reduces the risk of suspected money laundering through OTC transactions. For example, trade Binance T+1 and Huobi Select (compared to free trading and T+2 withdrawal).