As 2026 approaches, global efforts to combat cryptocurrency crimes continue to intensify, and scam cases are frequently exposed.

There is new progress in the Hong Kong JPEX cryptocurrency case—Internet celebrity "Master Zhu" Zhu Jiahui has been charged with three additional counts of money laundering for allegedly laundering HKD 18.8 million. This case involves over 2,700 investors, resulting in losses of $206 million, with more than 80 people arrested. Among them, three main suspects are on INTERPOL's red notice list. Crossing the Pacific to the US, the FBI recently issued a warning: cryptocurrency ATM scams are rampant, with related losses increasing by 33% in 2025. Many elderly individuals are being deceived by impersonators of government officials, transferring their life savings into ATMs. Once the money is transferred out, it’s almost impossible to recover.

Given the high risks, how can you make withdrawals more secure?

**First, prioritize cooperation with merchants who have been operating for more than 12 months.** These merchants have undergone long-term market testing, established credibility, and built a stable customer base. They are less likely to accept black funds for short-term gains—after all, once their reputation collapses, the losses far outweigh the benefits of a single transaction.

**Second, verify the consistency between ID documents and the platform’s KYC information.** The key is to ensure "identity verification," preventing fraudsters from impersonating others, thereby reducing the risk of getting involved in scams from the source.

Caution is always better than regret. Do you have any withdrawal plans recently?