In recent years, the blockchain industry has witnessed a surge in illegal activities disguised as digital currency trading. OKX maintains a zero-tolerance policy toward such practices, continuously enhancing its risk control systems to ensure a secure peer-to-peer (C2C) trading environment.
Common Crypto-Related Crimes and How to Avoid Them
1. Ponzi Schemes ("Money Games")
What They Are:
Ponzi schemes operate on a pyramid model, using new investors' funds to pay returns to earlier participants. These scams increasingly use USDT as an entry channel, luring victims with unrealistic profit promises.
Risks:
- High probability of total capital loss when the scheme collapses
- Legal consequences for participants
Prevention Tips:
👉 Learn to spot red flags in crypto investments
- Be skeptical of "guaranteed" high returns
- Research projects thoroughly before investing
2. Proxy Currency Purchases
The Practice:
Acting as intermediaries to buy cryptocurrencies for others through C2C channels.
Why It's Dangerous:
- Often involves money laundering operations
- May constitute criminal liability for assisting fund transfers for illegal activities
3. "Money Running" (Illegal Payment Platforms)
How It Works:
Individuals are recruited to process transactions for shady platforms using personal payment accounts (WeChat/Alipay/bank cards), earning commissions.
Triple Threat:
- Legal Risk: Becomes part of money laundering chains
- Identity Theft: Personal/bank information exposure
- Scam Potential: Platforms often disappear with user deposits
OKX's Multi-Layered Security Measures
- AI Monitoring: 24/7 behavior analysis blocks suspicious withdrawal attempts
- Big Data Analysis: Screens every critical transaction point
- Real-Time Response: Immediate account freezing for high-risk users
- Biometric Verification: Face recognition for added security
FAQ: Protecting Yourself in Crypto
Q: How can I verify if a project is legitimate?
A: Check official registration documents, audit reports, and community reputation across multiple sources.
Q: What should I do if I suspect money laundering?
A: Immediately stop transactions and report to OKX's customer service.
Q: Are proxy buying services ever safe?
A: No. OKX prohibits all third-party trading—only transact through verified personal accounts.
Q: Why do scam platforms offer such high returns?
A: Unrealistic profits are bait to attract victims before collapsing the scheme.
Q: How does OKX protect my assets?
A: Through continuous AI model training and collaboration with global regulators.
👉 Discover OKX's security features
Final Reminder
OKX urges users to avoid all suspicious financial activities. Report any concerning behavior through official channels. Maintaining a secure C2C ecosystem remains our top priority—we'll keep advancing risk control technologies to safeguard your assets.