Recently, according to risk control monitoring, some online gambling platforms induce players to use cryptocurrency to participate in "online gambling". The platform security reminds that "online gambling" is an illegal behavior, and there are a large number of gambling fraud scams, which will cause great economic losses to users. The harm of "online gambling" and prevention suggestions are hereby introduced to prevent users of the platform from participating in gambling and causing losses.

First, what is the online gambling?

Online gambling refers to the behavior of gambling such as participating in chess and cards and betting online, which is deceptive and harmful. Moreover, "ten bets and ten losses" is the "invariable rule" of the casino. Unlike traditional forms of gambling, online gambling is not limited by time or place. It will spread more widely and develop and change faster.

 There is no concept of capital and assets control when gambling online, because a bet is just a series of numbers that the gambler can't feel the weight of. The psychedelic feeling and the convenience of withdrawing money binding together, the gambler's correct sense of value for money will be slowly destroyed, which is the most terrible part of the online gambling!

 Second, Common "Routines" of Online Gambling

 1. "Expert" leads and makes a small profit

 Add gamblers as online friends through dating apps, part-time groups, forums and other channels. And the gamblers will be pulled into their community, there will be an "expert", the first few times will have a little gain within the small number of bets. Later they induce additional investment to complete the harvest. Most of the profits are made in "trusts", which are designed to give gamblers the illusion that they can earn money by following an "expert".

2. There is no return and no cash withdrawal

 Once the gambler transfers the money to the gambling website, no matter whether to win or lose eventually, there is no return and no cash to withdraw, because the criminal has set up a bureau, and the gamblers’ money are all into criminals’ account.

 Gambling sites will win your capital through "backstage control", "rebate" and other ways. After winning money by luck, when applying for withdrawal, you will encounter the hint that "the website is being maintained", and the reason such as cashflow is not enough so would notes not let you withdraw. Unable to withdraw cash for the time being, the gambler could not help but continue to gamble, and then lose all the money he had won and his principal.

3. False popularity and backstage control

 Usually, novices logging into the gambling platform will find that there are many people playing in it. This atmosphere makes them fall into a collective unconscious psychologically. They feel that the law is not responsible for everyone and have a false sense of security, unable to think calmly. In fact, the "people" playing are mostly "robots". In general, online gambling platforms are equipped with backstage control. In addition to setting popularity, the backstage can also set the profit point of the estate and leisure, which can let you win the money in a small controllable range, and then let you lose in most cases.

Suggestions on prevention of "online gambling"

1. Beware of all kinds of "online dating" recommended participation in online gambling investment fraud;

2. Beware of all kinds of "expert" recommended participation in online gambling investment fraud;

3. Ten bet ten lose. Do not believe gambling "can get rich" case;

4. If online gambling has led to losses, do not think about to gain again by gambling;

5. Popularize the harmfulness of online gambling with relatives and friends, and supervise each other among family members;

6. If we find online gambling clues related to cryptocurrency, please we make feedbacks to the platform in time.

About the platform to participate in “online gambling” users

Users are reminded that everyone should be on guard against fraud in the name of "HTX" and induces them to participate in "online gambling" and other activities. HTX platform has no cryptocurrency rebate activities with any "online gambling" platform.

 HTX C2C has been taking strict risk control means to maximize the security of users' assets in the transaction process, and adhering to the principle of "Do not let any off" for "dark assets". The current risk control and disposal standards for some publicly gambling-involved users are as follows:

 When a user initiates a suspicious withdrawal, the risk prompt will be confirmed. (Launched in February 2020)

When a user initiates a high-risk withdrawal, it will be directly rejected for a single withdrawal. (Launched in February 2020)

Mild suspected gambling users will receive a pop-up reminder before C2C transactions; (Launched in August 2020)

Moderate suspected gambler-involved users will be given a strong risk pop-up reminder before C2C transactions; (Launched in August 2020)

If the user involved in gambling is confirmed, the platform will directly and permanently restrict the account of such user and some or all the functions of the associated account. (Launched in June 2018)

Compared to the conversion rate, transaction volume and other business indicators, HTX pays more attention to the security of user assets. Fighting against illegal property and online gambling is a long-term battle. The platform will continue to give full effort to its technological advantages and continuously optimize the risk control system.