Before entering crypto trading, understand a few key security pitfalls—especially those related to mule accounts and money laundering.
Money laundering, simply put, is disguising illegal funds as legitimate income. In the crypto space, this becomes a bit more complicated. Through multiple token transfers, cross-chain bridging, or even mixers, dirty money can be "washed" step by step.
A mule account is a crucial tool in this process—many people unknowingly become the transfer conduit, moving these suspicious funds. Once your account is involved, you face not only the risk of freezing but also potential legal trouble.
So, be vigilant before trading: verify your trading partners, beware of unfamiliar transfer requests, and regularly audit your account activity. With proper security awareness, you can navigate the crypto market more safely.
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Before entering crypto trading, understand a few key security pitfalls—especially those related to mule accounts and money laundering.
Money laundering, simply put, is disguising illegal funds as legitimate income. In the crypto space, this becomes a bit more complicated. Through multiple token transfers, cross-chain bridging, or even mixers, dirty money can be "washed" step by step.
A mule account is a crucial tool in this process—many people unknowingly become the transfer conduit, moving these suspicious funds. Once your account is involved, you face not only the risk of freezing but also potential legal trouble.
So, be vigilant before trading: verify your trading partners, beware of unfamiliar transfer requests, and regularly audit your account activity. With proper security awareness, you can navigate the crypto market more safely.