Recently, there is a case worth paying attention to—local police have dismantled an offline cash withdrawal and virtual currency money laundering telecom network scam gang, arresting 6 suspects.

The operation method of this gang is quite typical: they first attract victims through fake online investment scams, then establish a "cash withdrawal team" dedicated to serving overseas scam gangs. The division of labor is as follows—offline collection of the victims' cash, followed by the "U Coin Acceptance Merchant" directly exchanging the scam funds into USDT.

In simple terms, they quickly circulate dirty money through virtual currency channels, increasing the difficulty of tracing. The reason this mode is so rampant is mainly due to the acceptance merchant link—they act as a bridge between fiat currency and crypto assets, allowing black money to seamlessly enter the blockchain world.

A reminder to everyone: if you receive a U Coin transfer request from a stranger, especially involving acceptance or quick withdrawal, be very cautious. Behind this kind of scheme is often the flow of scam funds. Protect yourself and avoid being pulled into the money laundering chain.