Many people reflect that in Huobi and OK Blue Shield merchants trading, there will be a great risk. The following is a friend of our group. Because he sold USDT in OTC, he was accused of pretending to be a leader and defrauding others of 150 thousand yuan, and he was beaten for 37 days in the OTC, cleaning every day, but he only traded USDT in Huobi and OK. It is obvious that he is innocent, and he took the blame for the black money of the platform.

Black money flows into unwitting users

Under the background of increasingly tight regulation in the traditional market, the black market is also gradually transferred to the emerging industry in the crypto market. Funds obtained illegally, such as "pig killing dish", spinach funds and telecom fraud, are all the reasons why OTC cards are prone to freeze. The frequent occurrence of frozen card events is caused by the inflow of high-risk assets involved in the foreign exchange fund plate. Many foreign gambling platforms have cooperation with Huobi and can support Huobi recharge U, which can be imagined that the OTC funds of Huobi are very chaotic.

Black money flows into Huobi and then trades with the OTC team of Huobi in order to "launder" black money into digital currency. After Huobi got the black money, it traded with several OTC merchants on the platform. Among the funds traced by the police, the spread of black money affected more than 4,000 bank cards, resulting in the freezing of the funds of merchants and users. Many OTC merchants have made transactions without their knowledge. Once the card is frozen, people will be more worried and can only laugh at it.

Huobi may have become a black money gathering place

Huobi is a relatively large domestic exchange, with a lot of users, so it is a good choice for money laundering. At the same time, Huobi also has "mutual benefit" with money launderers. The other side laundered money, and Huobi sat and watched the volume rise without cost and profit.

Perhaps because of this, Huobi itself has been lax in its scrutiny. Huobi is very "water" for the audit of merchants' settlement. Basically, if you apply, you can pass. At the same time, Huobi will also provide convenience for merchants. As we all know, the iceberg above the sea is only the tip of the iceberg, and there are still a lot of black money in invisible places. It is not the first time that OTC transactions involving money laundering in Huobi have occurred.

Domestic media have also reported a case involving money laundering in Huobi, involving about 6 million yuan.

Huobi, for the sake of its platform's vested interests, abandoned the user's funds for safety, eventually leading to such a large number of frozen cards, not only lost its reputation and public praise, but also lost the trust of users.

The trading platform shouldered the heavy responsibility of anti-money laundering, but Huobi, as the industry benchmark, did not assume its corresponding obligations, allowing black money transactions to be rampant on its platform, which eventually led to disaster. As innocent users, if Huobi can't guarantee our capital and personal safety, we can only abandon Huobi in the end.