In three minutes, understand how money laundering works in the cryptocurrency industry.

Money Laundering, what's the deal with it?

Staff List:
Card Seller - Intermediary for collecting (buying and selling) bank cards.
Card holder - also known as card baby, the group of people at the bottom of the food chain who sell or rent out their bank accounts.
Order Book - also known as "料方" or "通道方", is responsible for connecting with telecommunications fraudsters and handling the circulation of funds.
Team Captain - Connects with the order book above and connects with card merchants and coin merchants (U merchants) below.
Secretary - Only serves the team leader, releases the wind to prevent being pressed on the head, and protects the team leader.
U Merchant (Coin Merchant) - sells USDT to the fleet leader on an exchange or over-the-counter.
The core personnel below the team leader of the operator, responsible for verifying the status of the bank card in the hands of the cardholder and checking the transfer limit.
Security personnel - responsible for monitoring all locked cards to prevent single runs.
"Driver - responsible for driving and logistical work, taking care of everyone's food, drink, and bodily functions."
9 roles, with the team leader as the core, responsible for all operations and scheduling.
These things, no one on the entire internet has told you, and you won't be able to access the details in your entire life. Today, I am risking my life to reveal them to everyone, so that you can prevent scams.
Each telecommunications fraud has a different "unloading" process for funds. Today, I will mainly expose how the funds from the "pig-killing plate" flow into the account of an individual novice.
Preparatory work:
After the card merchant helps CardWa unify the purchase of air tickets, they remotely control the cardholder (CardWa) to the area designated by the team leader. After the driver and operator receive CardWa, they immediately verify the status and credit limit of CardWa's bank card. They need to clarify whether there have been any previous fraudulent activities or freezes, and the daily transfer limit must exceed 200,000. Those who fail the verification will be discarded on the spot, while those who pass the verification will immediately register an exchange account and conduct normal transactions, placing one or two U in the account or placing an order.
Why do I have to buy a ticket? It is through this method that we can exclude the risk of previous involvement in the case, being a fugitive, etc., and avoid being implicated in other cases. Every seemingly insignificant rule is derived from a wealth of experience.
Then go to the accommodation location and prepare to start work directly the next day. Stay in homestays instead of hotels throughout the entire process. During the construction period, all the cardholder's identity information cannot be used, and the cardholder's mobile card will be taken by security personnel to receive SMS verification codes several kilometers away.
Start working:
Found a ground floor teahouse with a backdoor and ready to start work.
The team leader waits at the teahouse for the order book to connect with the telecommunications fraudsters. In this kind of Ponzi scheme, the rhythm is controlled by the scammers. They know when the victims will make the payment, so they usually contact the team leader one day in advance to reserve the quota.
Order Book is called by the team leader to provide the card number, and the team leader sends the account verified by Kawa to the Order Book. The Order Book directly provides it to the victim, and the victim deposits the funds into Kawa's bank card, usually within a few minutes.
The operator receives the funds and immediately purchases USDT at a high price from the coin dealers on the exchange. After the purchase, the coins are provided to the order book according to the proportion, leaving a 15% profit.
After becoming familiar with Gate.io, many coin traders actively request to participate in this process because there are too many coin traders who cannot make a decent living. In a normal transaction of 1 million, they only have a profit of 3000 yuan, but by participating in this process, they can make at least 100,000 yuan in profit. How many coin traders do you think can resist this temptation?
After the daily limit for the cardholder is reached, the team leader buys the plane tickets and immediately asks the driver to take the cardholder to the airport. The cardholder is given 2000-5000 yuan, and the card issuer pays 3000-5000 yuan. The cost of one card is around 13,000 yuan. Another batch of cardholders will arrive at the next location.
The translation of "结束：" from Chinese Simplified to English is "End:".
After the end, the team leader will take everyone to the night market for consumption, basically spending all the profits of the day, not saving much, because they all know that one day they will be squeezed.
Today there is wine, today there is drunkenness. This is the life where everyone is drunk and dreaming, but cannot see tomorrow.
And when the exchange receives this fund, it will immediately place an order in the exchange to charge 1 cent more than the market price in USDT. At this time, as a retail investor, when you sell your digital assets, the funds from the telecommunications fraud will be transferred directly from the victim - the exchange - to your account.

And the coin merchants do not have any funds left, they will not handle it after freezing the card. Many uncles see accounts with no balance and will not operate the freeze. Instead, your account ends up receiving the funds and being frozen with one click, and in the end, you are responsible for all the actions.
This is why all the reasons why your sale of U on the exchange will be frozen, involving many illegal and criminal activities, not just the sale of your digital assets. This society is a multidimensional thing, and what you see is just a small part of it.
Jumping out of that well, standing at God's perspective can observe all the core things comprehensively, the process of withdrawing funds from online gambling is also like this, so why is the card frozen. They tell you, this is called cognition.