#数字资产市场动态 Three Risk Levels Every Crypto Asset Trader Must Know

If you're active in on-chain trading or participating in cryptocurrency transactions, sooner or later you'll face inquiries from regulatory authorities. Instead of being at a loss when that happens, it's better to think through potential issues now. I’ve summarized three unavoidable hurdles, each of which is worth understanding in advance.

**Level 1: The True Meaning of Legal Protection**

You might be asked: "Crypto assets are not protected by law, are you aware of that?" Don’t be intimidated by this question. It needs to be understood in layers. Legal non-protection ≠ you doing something illegal. In fact, voluntary bilateral transactions are beyond regulation; the real issue arises in disputes—if you get scammed or robbed, courts and police can't help you recover your coins. This is not illegal on your part; it’s a characteristic of the asset class of crypto assets itself. When answering, simply admit that you are aware of this risk.

**Level 2: Handling of Fraudulent Funds**

This is the most panic-inducing part: "Why do I have to return this money?" You need to understand that this is not a negotiation but a procedure. Once funds are identified as involved in fraud, refunds become a mandatory process. But the key is, the amount and method of refund are not fixed; there is room for communication. The best approach is to negotiate with the other party, even directly talk to the victim, settle the matter, and only then can freezing be lifted. Resisting forcefully will only make your situation more passive.

**Level 3: Impact of Criminal Records and Account Consequences**

Many people are most concerned about this: "Will I have a criminal record? Will other accounts be affected?" Simply put, as long as you cooperate, provide complete documentation, and can prove the source of funds is compliant, you generally won't be recorded, and other accounts can be used normally. But there is a detail you must understand:
- Level 1 involved accounts: The most serious situation, equivalent to being listed on risk lists by banks and police, which may restrict all your other accounts.
- Level 2 involved accounts: Less impact, usually only freezing that one card.

**Final Words**

Crypto trading indeed exists in a gray area, but gray does not mean black. Regardless of the transaction size, you must conduct thorough due diligence on the source of funds and the counterparty. One ironclad rule: never touch funds with unknown origins. Putting your accounts and credit at risk for petty gains is the real cost.