Recently, many frens have asked me, I suddenly received a call from the police, saying they need to check virtual coin transaction records, and I was completely stunned at that moment. In fact, there's really no need to be too nervous, today I will talk to everyone about what to do in this situation.

**The first thing: figure out where the legal bottom line is**

Don't panic when answering the phone, first remember this sentence in your heart - buying and selling virtual coins between individuals is not illegal, but if it involves dirty money, then you indeed have to take responsibility. When communicating with the police, you can frankly explain your trading scenario, such as whether you operated on a leading exchange or transferred privately with a verified friend. The key is to show that you haven't participated in any money laundering, fraud, or similar activities, and if you cooperate with a good attitude, things will be much easier to handle.

**The second thing: cooperate if you want a refund, don't be stubborn**

Sometimes the police may ask you to return the money, and at this time, do not resist. Just say, "I will handle this according to your requirements, it's up to you how to cooperate with you." Then quickly pull out transaction records, transfer screenshots, chat logs, and other materials, the more complete the better, and proactively submit them to prove that the source of this money is clean. Delaying or not cooperating may lead to a broader freezing of your account, which will be more troublesome later.

**The third thing: Distinguish the type of freeze**

If only the funds involved in the case were mistakenly received, generally, the bank card that received the payment will be frozen, and once the verification is completed, an application for unfreezing can be made. However, if there are suspicions of illegal activities, then all accounts may be frozen. In this case, you must strictly follow the police's requirements to submit materials and honestly explain the transaction details. Remember one thing: actively cooperating will not leave a record, whereas being evasive can easily escalate the situation.

**How to avoid pitfalls in trading? Remember these three points**

Do your homework before trading in the future; it can save you a lot of trouble.

First, verify the identity of the other party. Try to find trading partners who have real-name verification and whose reputation can be checked; directly pass on those who are anonymous or have suspicious identities.

Second, check the source of funds. If you encounter a sudden large sum of money being transferred or frequent small split transfers, there is likely a problem. Avoid touching funds with unclear sources.

Third, check transaction security. Wallet addresses must be repeatedly verified, and do not click on links sent by strangers; there are too many phishing scams now, so be cautious to avoid trouble.

At the end of the day, there’s nothing wrong with virtual coin trading; the key is to follow the rules and keep evidence. When facing police investigations, don’t treat them as enemies; they are just following normal procedures. If you cooperate well, the matter can be resolved quickly.