Why is the currency account frozen (what to do when the currency account is frozen by the judiciary)
Why is the currency account frozen? According to CoinDesk, some users recently e
Why is the currency account frozen? According to CoinDesk, some users recently encountered the issue of cryptocurrency freezing when using a Bitcoin wallet.
According to official explanations, hackers can exploit these vulnerabilities to illegally transfer and defraud users’ virtual currency when their accounts are locked. At this time, hackers can freeze the accounts to gain financial benefits or steal account passwords, mnemonic phrases, or other information. Such attacks usually occur during phishing incidents, where exchanges usually take measures to allow victims to convert their tokens into cryptocurrencies and then transfer them to wallets under their control, resulting in loss of account assets. However, even hackers cannot withdraw private keys from exchanges, so for money laundering crimes, it not only causes property losses but also exposes individuals to greater risks of personal assets.
What to do when the currency account is frozen by the judiciary
According to reports, the Hangzhou Internet Court recently announced the handling results of a virtual currency account “freezing” case. According to insiders, the litigation involves individuals and organizations, including some legal and illegal entities engaged in virtual currency trading. The frozen account funds amount to approximately 2 million RMB, which have already been transferred by a digital asset management company to an exchange and received approval from the judicial investigation department on May 19 of this year. (Wu Blockchain Zone)
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