Original Author: Mankun Brand Department

Every Thursday at 8 PM, the Crypto Tavern opens on time! From investment jargon, entrepreneurial stories, hot topic rants, to track predictions and compliance pitfalls, we use the AMA format to discuss what you want to hear, with industry experts gathering! The theme is limitless, and we chat about Web3 casually! Everyone feels that we are walking in the dark forest of Web3, facing on-chain hacker attacks and sudden regulatory shifts—don't panic! Mankun's senior lawyers will help you gain insights into trends and avoid pitfalls!

This issue is the 18th episode of the Crypto Tavern, focusing on the most troublesome issues in the crypto world—assets being "frozen" and "stolen." On the first day back to work after the short holiday, we have invited two OG experts in asset recovery and unfreezing to share common scenarios and coping strategies for frozen bank cards and on-chain assets, helping everyone transition from panic to calm!

The tavern is open; please introduce yourselves, guests!

Meg: I'm glad we have two OG experts with us—Teacher Ann and Orange Seat, who have rich practical experience to teach everyone how to cope! I am the host, Meg, who entered the circle in 2017, focusing on Web3 compliance business from exchanges, mining farms, payments to Mankun.

Orange Seat: Hello everyone, I am Orange Seat. I started the Coinback asset recovery business last year, with detailed introductions on my homepage. I focus on hardware wallet and software wallet password cracking, exchange risk control freezing, judicial freezing, and other scenarios, accumulating many successful cases. Solving problems for people while creating profits is a win-win! After a year, I feel this is a blue ocean market worth deep cultivation. Feel free to follow my public account "Crypto Intelligence Bureau" and video account "Orange Seat." If you have similar needs, contact me directly for communication anytime!

Ann: Hello everyone, I am Ann, based in Changsha. After returning to the country last year, I engaged in judicial unfreezing business. I have a legal company and law firm, and after entering the circle, I encountered scenarios of frozen bank cards, exchanges, and on-chain assets during deposits and withdrawals, accumulating a large number of cases, with successful unfreezing clients every day.

I feel lucky to enter this blue ocean track, as I can help people solve problems while seizing opportunities! We focus on judicial unfreezing of bank cards and digital currencies, providing compliance and unfreezing solutions. I am honored to meet everyone through Mankun, and welcome to visit Changsha for offline chats!

Meg: Teacher Ann's offline exchanges are very informative, sharing passive scenarios and details to avoid pitfalls, full of valuable insights! I will briefly introduce the topic!

Q1: What are the common scenarios of being "frozen" and "stolen"?

Meg: It feels like being frozen or stolen in the crypto world is a matter of time and probability. Many people do not use compliant OTC, click on unclear links, or scan random QR codes in TG groups, and their wallets are gone in seconds! I clicked the wrong X link in 2023 and lost several thousand dollars, only realizing it a month later! Let's have Teacher Ann share the common scenarios of frozen bank cards, exchanges, and on-chain assets, starting with bank cards!

Ann: Asset freezing can be divided into two main categories: bank card freezing and on-chain/exchange freezing. There are three scenarios for bank card freezing.

• Judicial freezing: Initiated by public security, economic investigation, courts, or tax authorities, often triggered by involved funds. For example, online gambling, fraud, buying and selling USDT, especially in online gambling, the received funds may have issues. Currency exchange, money laundering, and other gray market behaviors can also easily lead to freezing. In one case, a client sold USDT, and the buyer noted "USDT buy and sell," and the card was frozen immediately after the transfer.
• Bank risk control freezing: Triggered by the bank's internal system detecting anomalies, such as frequent large transactions, late-night transfers, or multiple transfers (especially from strangers or cross-border funds).
• Third-party payment freezing: Such as WeChat, Alipay, JD Finance, and Cloud Flash Payment, often triggered by binding suspicious platforms or risky transactions. For example, a post-00s individual gambled late at night, frequently depositing and withdrawing, and their account was temporarily frozen by the system between 3-5 AM.

According to data released by the Ministry of Public Security, in 2024, public security organs across the country investigated 73,000 cases related to cross-border gambling and associated cases, dismantling over 4,500 online gambling platforms and arresting over 11,000 criminal suspects! So, do not lend, rent, or sell your bank card, do not participate in money laundering or order brushing, and keep transaction receipts with clear notes on their purpose. Judicial freezing is the most complex and requires professional handling; bank risk control and third-party payment freezing are relatively simple and can be resolved through appeals.

Meg: Teacher Ann's frontline experience is solid! She explained judicial freezing, bank risk control, and third-party payment freezing thoroughly. I know that the Chongqing police uncovered a major cross-border online gambling case (dismantling 7 platforms under the "DC" group, arresting over 3,700 agents, and destroying over 4,300 domestic bases) with frozen involved funds exceeding 300 million yuan, which indeed has a significant negative impact on society! Next, let's have Orange Seat supplement the scenarios of on-chain theft/freeze.

Orange Seat: On-chain freezing ultimately involves bank cards, and withdrawing to a card may trigger issues. I would like to add one scenario: receiving involved funds. For example, if you withdraw funds and receive money, but it may belong to a victim, the bank system will identify it as problematic, and relevant departments will come to question you. This is the reason for "withdrawal being pressed down," as the source of funds is not clean, and regulators must protect property safety. It's a deep water situation, so I will keep it brief! On-chain theft is more common; I was stolen $200,000 by someone close to me in 2021, so I can relate! Typical scenarios include:

• Downloading fake wallets. Searching for MetaMask or Trust Wallet on Baidu yields all fakes, which have backdoors and expose mnemonic phrases. Hackers will "fish," waiting for you to deposit enough money before transferring it away.
• Accidentally clicking on authorization links. Yesterday, a KOL clicked a pop-up authorization and lost several thousand dollars. The more troublesome part is that their wallet also had DeFi assets, and the address was marked, so funds transferred in could be snatched by scripts.
• Scanning QR codes when buying and selling USDT. Do not scan unknown QR codes, as they may disguise themselves as payment codes (like Binance or OK), but are actually authorization codes, and your assets will be gone in seconds after scanning.
• Insufficient awareness of prevention. For example, an elderly man was keen on Ethereum but did not know how to operate, so he asked a young person for help, and his mnemonic phrase was backed up, resulting in a loss of funds. I was stolen by acquaintances in 2021 and managed to recover part of it, but the cost was extremely high. There are also fake airdrops and fake projects, like the early "Tron airdrop," where clicking the link led to being scammed. Now there are many projects, and scammers' methods are evolving! Familiar faces committing crimes offline are also common, making it hard to guard against. There are countless paths, but safety is the first priority! Download official wallet links, do not click randomly, do not scan QR codes, and be cautious with airdrops!

Meg: Orange Seat's "dark forest" metaphor is spot on! Fake wallets, authorization scanning, and crimes by acquaintances are hard to guard against. "There are countless paths, but safety is the first priority" is a classic! Everyone can consult Orange Seat, Teacher Ann, or Mankun; our professional team can help you unfreeze and recover.

Q2: How to calmly respond to being frozen/stolen?

Meg: Many people panic when frozen or stolen. This year during the Spring Festival, a small amount of money in my Alipay was frozen, and I couldn't find any information about the freeze when I called the police, and it ended up unresolved. If the amount is large, it’s even more panicking! Now let's have Teacher Ann share the steps and experiences for handling frozen bank cards and third-party payments.

Ann: Don't panic when frozen, first check the type of freeze and handle it accordingly.

• Judicial freezing is initiated by public security, courts, or procuratorates, and common reasons include involved funds, such as telecom fraud, online gambling, or buying and selling USDT. For example, a client sold beverages and received over 20,000, but their corporate account was frozen for over 1 million due to involved fraudulent funds, affecting liquidity. When handling, check the freezing authority, reason, document number, amount, and time. For personal cards, call the bank to obtain the contact information of the judicial authority; for corporate accounts, the legal person must bring their ID and business license to the counter for inquiries. If the source of funds is legitimate, provide transfer records, contracts, and chat screenshots to submit a request for unfreezing, and if necessary, pursue legal avenues. If unsure about the source of funds or afraid of inquiries, find a professional legal company or law firm to handle it, reducing risks.
• Bank risk control freezing is relatively simple, triggered by frequent large transfers or abnormal accounts, and may automatically unfreeze within 24-48 hours. If not unfrozen, bring your ID, bank card, and transaction proof to the counter to explain the situation; online facial recognition can also unfreeze. Third-party payment freezing (like WeChat or Alipay) is similar, triggered by gray market or abnormal transactions; open the app's help center, upload ID and facial recognition materials to appeal. If ineffective, send a lawyer's letter requesting an explanation or seek assistance from a professional institution.

Note: Do not frequently urge the bank or report to the police; understand the situation in advance and follow professional procedures. Do not believe advertisements claiming "internal channels can unfreeze instantly," and keep evidence like transfer records and TG screenshots. Being frozen does not mean the funds have disappeared; identifying the cause and responding legally is key. We have handled over ten thousand cases of bank card unfreezing, with a success rate exceeding 95%, and large amounts can also be resolved.

Meg: Teacher Ann's steps are clear, and a 95% success rate is solid! The beverage selling case is heart-wrenching; checking the reason and following the process is the way to go! Next, let's have Orange Seat share the recovery plans and experiences for on-chain theft.

Orange Seat: Recovering from on-chain theft is difficult; prevention is better than cure! I was stolen $200,000 by someone close to me in 2021, and recovering part of it took an enormous amount of time and effort. The response plan varies by scenario.

• If a fake wallet is stolen and the mnemonic phrase is leaked, there is basically no solution; you need to immediately transfer the remaining assets to a new wallet.
• If authorization is stolen, such as a KOL accidentally clicking a pop-up, you need to quickly check the wallet, pause DeFi operations, and try to transfer assets before the script can act, but often it's just a step too late.
• If DeFi assets are stolen, it’s even more troublesome; hackers use scripts to monitor addresses, and as soon as funds are transferred in, they are snatched away. This requires a technical team to analyze and develop targeted plans, testing intelligence and courage.

For crimes committed by acquaintances, legal avenues can be pursued. For example, a colleague had 10 BTC stolen by an employee; due to unfamiliarity with Apple phones and VPNs, the employee backed up the mnemonic phrase and transferred the assets away. We filed a case through judicial means, and the employee confessed, recovering part of the funds. The key to recovery is to trace the path of the theft, keep transaction records, and authorization logs, and if necessary, report to the police or seek a professional team.

In terms of prevention: download official wallets, verify links; do not click unknown links or scan QR codes; be cautious when participating in airdrops; store mnemonic phrases offline, and stay away from operations by acquaintances. I often help members verify download links; safety comes first.

Meg: The case of acquaintance committing a crime is shocking; prevention is much easier than recovery. I clicked the wrong X link in 2023 and lost several thousand dollars, only realizing it a month later. Web3 is a dark forest, with information asymmetry and too many professional scammers. I also want to share a case: a colleague had 10 BTC stolen by an employee, and after judicial filing, the employee confessed. If the theft is not an on-chain issue, excluding fake wallets, random authorizations, and QR code scanning, it is highly likely to be a crime committed by an acquaintance. Safety first; consult Orange Seat, Teacher Ann, or Mankun for professional assistance!

Q3: Recommend a blockchain investment book or movie to everyone!

Orange Seat: I recommend the book "Principles" by Ray Dalio, which discusses investment logic and risk management, suitable for reflecting on bubbles and common sense in the crypto world. Taleb's series of books are also good, discussing uncertainty and worth reading. For movies, I recommend "The Wolf of Wall Street" and "Margin Call." "The Wolf of Wall Street" showcases the expansion and collapse of bubbles, with realistic reactions from all parties;

"Margin Call" discusses the bond bubble before the subprime mortgage crisis. In the crypto world, asset ratings don't even reach D-level, indicating a huge bubble! Recently, Binance's "meme coins" have been hyped up, with market values soaring to hundreds of millions, but compared to the Solana ecosystem, the ceiling is far behind. Many people lack respect for finance, thinking they can make money just by entering. Bonds can create huge holes, and the crypto world must respect common sense! Watch these two movies to learn to enjoy bubbles with clarity and not become a bubble consumer!

Meg: Investment cannot be blindly rushed. We can learn from traditional PE valuation models to avoid many pitfalls! For example, Polymarket received a $2 billion investment from the parent company of the New York Stock Exchange, showing that the integration of Web2 and Web3 is becoming increasingly evident. Now, let's hear from Teacher Ann.

Ann: I have experienced many investment failures, definitely a rookie mindset. I recommend "The First Lesson of Investment," the core of which is to learn not to lose money, rather than rushing to make money. I entered the circle in 2016-2017, starting exchanges and mining with a large amount of capital, but I often made mistakes: selling profitable coins and buying back losing coins, which lowered my average price. As a result, I ended up holding less and less BTC and ETH, while junk coins became my major holdings, dropping 99%! My realization: risk management and asset allocation are more important. The crypto market accounts for less than 5% of the global secondary market value (about $5 trillion vs. $140 trillion), so there is still a lot of room for growth, but we need to pay attention to liquidity (non-farm payrolls, interest rate cuts, the "Genius Act") and product profitability, like the ecosystems of Binance and HyperLiquid, which have strong applications. Long-term compound interest and value investing are key; do not blindly follow trends!

I often look at the 999 index and the fear and greed index, maintaining a position of 40%-50%, with allocations in gold and U.S. Treasuries for stable returns and peace of mind. I also hold some mainstream coins; I have never made money trading coins, and long-term investment is what gives me peace. Learning not to lose money is the first step to avoiding pitfalls!

Meg: Thank you, Teacher Ann and Orange Seat, for your hardcore sharing! From scenarios of being frozen and stolen to coping strategies and investment knowledge, the insights are explosive. Everyone, please follow Teacher Ann and Orange Seat! For frozen or stolen assets, contact a professional team for safe handling.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。