A well-known OTC acceptor is involved in selling stolen BTC

Recently, OTC fraud cases have occurred frequently. A European man, using a pseudonym (Emili Pictet), defrauded the victim of 1 million euros worth of BTC in the name of investment. After obtaining the BTC, he immediately found a local OTC acceptor (Jia Zhengran) to help sell the stolen money. Currently, Jia has helped sell 37 BTC on Huobi, Coinbase, and Bithumb.

According to reliable information sources, Mr. Jia is likely not only involved in the sale of BTC, but also in the entire fraud incident, because the modus operandi of the entire incident is surprisingly similar to the fraud methods that Jia was previously involved in. At present, the victim has reported the case to the local criminal police in Amsterdam, the Netherlands, and Interpol, and relevant departments have intervened in the investigation.

The stolen BTC is tracked across the entire network. Once discovered, the law enforcement agency will freeze it and list the other party's address as a BTC black address.