Is it miserable to be detained for 37 days across provinces for withdrawing money?

Being detained was not enough, the 12 million on the card and the 80 million in a certain Yi account were also frozen. This is what happened a few days ago.

But it's not the worst I've ever seen.

An OTC businessman I knew was sent to jail for a crime, and all illegal gains were confiscated. I heard from an employee who was released that his boss was very arrogant and made a lot of noise when he was caught. It is not illegal to speculate on PCs, and his own money is also clean...

Talk about the ordinary currency speculators around you.

A certain person withdrawed 5,000 yuan to Alipay, but received black money. Alipay was frozen. There was 400,000 yuan in Alipay. He called Alipay to communicate with no results, so he could only wait.

The money was for the down payment of the house, and they were going to get married after buying it. His girlfriend had a big fight with him, and they finally got the money together by using their credit cards and online loans. However, the money was not unfrozen for a long time, and they could not pay off the debt and had to borrow money. The interest kept increasing, and it ate up their annual salary. But at least they managed to survive.

Let me tell you about my experience.

In October 2020, a certain trading platform suddenly announced that it would stop withdrawing money. Then Caixin took strong action and reported on the front page that the founder Xu Star was under house arrest.

I usually put more funds in Binance. During that period, BNB skyrocketed and the BNB I held increased by 3 times. I thought OKB should also perform well, so I threw it in to buy OKB. I put in 6U and it increased to 4U in just two days.

Then rumors were flying everywhere, saying that 100% of the money would be handed over to the state. Although I didn't believe it, I was still annoyed. The main reason was that it restricted the liquidity of funds. Under normal circumstances, I would have used these funds to borrow and mine.

However, when I saw that the price of U was so cheap, I couldn’t help but be tempted, so I bought 5.3R and 5R.

After waiting for more than a week, there was still no news about the withdrawal opening. Seeing that the U price had reached 4.8R, I went to WB and Twitter to check the news. The comment section was full of sarcasm, scolding those who bought OKU at the bottom during this period, and even comparing it to the Mentougou incident. After seeing so many comments like this, I began to doubt whether I was an idiot.

It was also during that time that something happened that made me sick for a long time. As mentioned in the previous article, I was frantically doing bridge-mortgage-mining operations during this year, and I met an agent when I was buying a house.

When we were looking at a house, the guy said he liked to trade futures, mainly gold and silver. He became interested in cryptocurrencies after hearing that I was trading cryptocurrencies, and we kept in touch after buying the house. In September, he said he also wanted to play in the market and asked me which trading platform I was on. I recommended Binance to him. When he was making a deposit, he said that OTC merchants require bank statements, and he was afraid of leaking his privacy, so he asked me if I could sell him some U. I didn't think much about it and sold him 50,000.

As a result, within a month, OK suspended the withdrawal of coins. He was very panicked and sent a message saying that I recommended him a crappy platform. He had looked it up online and found that this platform always maliciously liquidated the account and now he could not withdraw coins. I comforted him at first, but seeing that the U price was getting lower and lower, he could not sit still and threatened me that he had all my information and he would report me to the police for fraud unless I returned the money to him at the original price.

I:????

The combination of the above two things made me emo and I couldn’t sleep for two days. This is something I have never experienced since I started trading full-time.

Finally, let me talk about something a little heavy.

On June 5, 2019, Hui Yi, the founder of BitEasy, committed suicide.

According to reports from multiple media outlets and information revealed in WeChat groups, Hui Yi chose to hang himself because his short position of Bitcoin with 100x leverage was liquidated, resulting in direct losses of more than 100 million yuan. He could not bear the pressure.

I also know some follow-up of this matter. At that time, BitEasy had already encountered operational difficulties and its capital chain was in jeopardy. Under such pressure, he wanted to rely on his own trading skills and large funds to manipulate the market, but it ended up running into trouble.