I often hear my older brother saying that he is preparing to take on a large order worth hundreds of millions. The general content is that a judicial authority in a certain place, after seizing a large amount of Virtual Money, is unable to dispose of the involved Virtual Money due to the reason of the 924 announcement.


Then the judicial authorities found the big brother, wanting to entrust him to handle these several hundred million in Virtual Money, and the reward would be a few percent of this several hundred million 😂
Many big brothers have already asked me about this. Some are genuine judicial institutions seeking assistance from compliance lawyers, while others are purely social local bosses. The likelihood of these local bosses being deceived is relatively high.
Many find you under this pretext and then ask you to pay a deposit for cooperation or to establish a compliance organization, which is a way to trick you into giving them money.
Because the judicial authorities have many means to dispose of the Virtual Money in their hands, a simple example is that the seized Virtual Money can be auctioned as personal items instead of being directly converted into fiat currency according to Announcement 924.
For example, if a wallet has 10 million USDT, the judicial authorities cannot directly sell these USDT for RMB, as this would violate the 924 announcement. However, the judicial authorities can treat this wallet as an item involved in the case and auction it. At the auction, ordinary bidders will offer a reasonable market price to buy these 10 million U. Then the bidder can take the wallet to exchange it for RMB. This entire process is legal and compliant. Therefore, I advise those who have fallen into this scam, where they are asked to deal with hundreds of millions of Virtual Money and pay money to cooperate, not to be easily deceived by the promise of free money.
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