Recently, the virtual money trading sector has sounded the alarm once again. A man, after selling virtual money worth 1 million last year, unexpectedly encountered fund freezes from five different departments within a year. This incident highlights the potential legal and financial risks in virtual money trading.

According to reports, the man has recently received notifications from public security organs in other regions. These notifications indicate that although the funds he received did not originate from telecom fraud, they have been classified as withdrawal funds from online gambling, which are considered as gambling money and need to be reclaimed.

In such cases, especially those involving large sums of money and already entering judicial proceedings, it is advised that the parties actively communicate with the procuratorate and the court, providing relevant proof materials to strive for the unfreezing of funds. At the same time, legal experts remind that during the Virtual Money trading process, it is important to be wary of the risks posed by telecom fraud, as well as the possibility of account freezing due to funds related to online gambling. If the amount involved is significant, law enforcement agencies will typically require restitution.

To reduce risks, experts recommend choosing trading platforms that have been operating for a long time and have a high reputation when engaging in Virtual Money transactions. It is important to rigorously verify the source of funds and to properly preserve all transaction records. These measures can effectively lower the risk of account freezing and ensure the safety of funds.

Virtual money trading has brought new financial opportunities, but it also comes with complex legal and regulatory challenges. Investors need to remain vigilant, understand the relevant regulations, and operate cautiously to avoid falling into unnecessary legal disputes.