Just heard about a sketchy cash-out scheme floating around somewhere. Here's how the scam supposedly works——

Step 1: A coin merchant spends a small amount of money to acquire a 1 million yuan bad debt——the kind of uncollectible account from a final case where the debtor has long lost the ability to repay and the court can't recover it either;

Step 2: They modify the debt relationship by replacing the original creditor with an ordinary retail investor and making the coin merchant themselves the new debtor;

Step 3: File a lawsuit at the court;

Step 4: The coin merchant immediately admits to the debt, both parties quickly settle, and the court issues a legally binding mediation document;

Step 5: Privately, the retail investor transfers USDT to the coin merchant;

Step 6: The coin merchant transfers 1 million yuan to the court's execution account, and the court distributes this money to the retail investor.

Crazy, I'm just asking——does anyone really dare to use the judicial system as a shell for money laundering like this???

This shouldn't work, right? Debt rights can't just be changed arbitrarily, and fabricating lawsuits will get you locked up.

If you're a newbie and encounter this kind of pitch, don't believe it no matter what. Whatever about money coming from the court, being legal and safe without freezing your account——if they really scam your USDT, you won't even dare to report it to the police!