Many people don't understand what Huiwang escrow transactions are? What are the key points, let's talk about it today?
1. "Hidden Helper" in Money Laundering Methods - USDT
In the dark corners of financial activities, attention is often paid to a type of virtual currency called USDT, often referred to as "U" or "oil".
USDT operates outside the control of any central bank or government agency, and its decentralized, anonymous, and secure characteristics unfortunately make it a "delicacy" in the eyes of criminals.
Since it maintains a fixed exchange ratio of 1:1 with the dollar, it has a relatively stable value attribute, which is basically unaffected by market fluctuations, providing great convenience for criminals in fund transfer and accounting.
Its transfer operations rely entirely on blockchain technology architecture, and there are various virtual currency transfer paths, similar to the RMB transfer methods we use daily, such as card-to-card transfers, WeChat transfers, and Alipay transfers, each with its unique operating mode.
In the Greater China region, the most widely used method of USDT transfer is Tron transfer, also known as Tron chain transfer or TRC20 transfer.
During such transfers, a certain amount of TRX is consumed, which can be compared to the transaction fee in traditional transfers, and is one of the few direct costs incurred by fraudsters in the entire money laundering process.
The virtual currency transfer process requires the transferor to know the recipient's wallet address, which is similar to the bank account number we are familiar with. The unique feature is that a transfer transaction can often be completed within a few seconds, greatly speeding up the flow of funds.
However, due to its high degree of anonymity, it is difficult to determine the real identity information of the user behind it based solely on the wallet address, unless the wallet address belongs to an exchange.
Apart from the wallets used by major exchanges and specific institutions that have a real-name authentication mechanism, many decentralized wallets, such as the IM token wallet, TP wallet, etc., do not require any personal identity information during registration and are not subject to traditional regulatory systems, undoubtedly creating a "breeding ground" for the concealment and transfer of illegal funds, and posing a huge challenge to law enforcement's supervision and tracking efforts, making it increasingly difficult and urgent to combat money laundering crimes using USDT.
2. Huiwang Escrow Fleet
Analyzing the example involving Huiwang Group:
Given that the material owner and the fleet are strangers and lack a basis of trust, Huiwang Group has launched a so-called escrow service on the "airplane" chat software.
The material owner and the fleet need to deposit a certain amount of virtual currency (mainly USDT) into an escrow account designated by Huiwang Group, usually paid by the fleet as a deposit.
Huiwang Group monitors and records the entire money laundering process and charges a service fee accordingly, including monthly package options.
Once the process is completely over, Huiwang Group deducts its due service fee and then returns the collateral to both parties. The material owner generally does not accept RMB payments, and after deducting its own profits, the fleet pays the material owner its due profit share in the form of USDT.
Here is the specific process of Huiwang escrow transactions:
In the implementation of escrow transactions, the material owner and the fleet will present the detailed terms of the entire transaction in text form, similar to a contract document, and send it to a dedicated transaction group, while clearly setting the fleet's profit ratio, and also specifically agreeing on the type of "material" involved, such as three blacks, fine chat, color knock, capital disk, etc.
After each successful transfer operation, the material owner will report in the group, and the fleet will confirm immediately. At this point, the group's accounting robot will record the transaction.
For example, if the agreed material is fine chat and a 24-hour guarantee period is specified, if the bank card is frozen within 24 hours, the corresponding loss is borne by the material owner; if the freezing time exceeds 24 hours, the loss is borne by the fleet. If the freezing is verified by the fleet to be due to the inflow of funds involving three black materials, then this part of the freezing loss is still borne by the material owner. All reasons for freezing are proven based on the results of the telecom fraud platform, and the cost of the inquiry is paid by the party at fault.
3. Big Data: Penetrating the Shield of Blockchain Anonymity
In the mysterious world of blockchain, anonymity was once seen as a natural privacy umbrella. Theoretically, if someone creates a new wallet address, hides illegally obtained digital assets in it, and never engages in transactions, their real identity might remain an eternal mystery, just like Bitcoin's founder, Satoshi Nakamoto, who owns a massive amount of Bitcoin yet remains hidden behind anonymity.
However, once these digital assets start moving, even if the transactions are extremely minor, the power of big data can be triggered, potentially revealing the real identity behind them.
Although blockchain has an anonymous trait, it also has a traceable feature, which provides clues for tracking the flow of funds. Just looking at a wallet address in isolation is like facing a fortress with no doors, making it difficult to discern the real identity information inside. However, in reality, every wallet address leaves traces when participating in transactions.
For example, with Tron's TRX, when a new address makes its first transaction, external TRX tokens are needed to pay the transaction fee, instantly building a connection with other addresses in the blockchain's transaction network. Moreover, as transactions progress, the U (such as USDT) in that address is likely to flow into a regulated exchange, and exchanges often implement strict real-name authentication systems, which is like lighting a lamp in the dark, making the upstream and downstream real-name information a key entry point for tracking investigations, exposing those who use blockchain for money laundering and other illegal activities.
Law enforcement officers, when investigating such cases, precisely follow the flow of virtual currency.
Whether it's TRX, USDT, or other types of virtual currencies, each transfer records the source and destination of the funds. By continuously tracing back to its purchase source and meticulously sorting through each link in the transaction process, including the reasons for the transfer, the specific methods used, and the communication records of the transaction parties in chat software, they gradually lock in the real identity of the target person.
Moreover, in the initial stage of wallet registration, seemingly casual details such as the phone model, network connection information, and device serial number left behind, under the integration and deep mining of big data, may also become key puzzle pieces in determining identity.
Today, with the vigorous development of professional blockchain technical investigation companies and the rapid advancement and maturation of technology, the anonymous nature of blockchain is no longer impregnable under the powerful onslaught of big data.
Therefore, this is a clear and serious warning: In this highly developed digital age, thinking that one can act recklessly in the virtual world without being detected is a misconception. In fact, any behavior that leaves digital traces is like being exposed under bright light, with nowhere to hide.
