I recently came across a report from Caixin, and it made my heart skip a beat—the virtual currency scene is getting murkier than ever. 🌪️

The numbers speak for themselves: last year alone, over 3,000 people were taken to court for things like crypto-related money laundering. What’s even more concerning is that someone dug through nearly 300 court verdicts and found a pattern—the so-called “tools” being used are mostly young people with little life experience, stuck at a junior or senior high school education level, and not well off financially. Criminal groups specifically target these “soft targets,” and the cases are highly concentrated in certain regions.

Things are also ramping up. Since the start of this year, there have already been several hundred cases investigated just for stablecoin-related activities, with amounts involved so huge it’s staggering. Multiple departments have joined forces—the scale of action makes it clear they mean business.

To be honest, after these waves of crackdowns, some ways of playing the game might really need to be reconsidered. The rules—once blurry at the edges—are now being drawn more and more clearly, line by line. 🔍

So here’s the question: is the “safety cushion” we have in our own hands really enough to withstand the coming turbulence? I genuinely can’t see where the market is headed next. What do you guys think?