If anyone offers to sell their Bitcoin to you simply because they know you one way the other, don't buy from them.
This days it is getting harder to trust anyone.
There are so many reasons why it is wrong to buy Bitcoin from someone you know but I want to talk about a particular one that landed a 25yrs old in trouble.
In today's world, you can't tell what anyone is doing for a living, how they make their money even if they claimed to be making money through web3 and crypto trading.
Some people are just using this as a cover up.
So this friend of a friend sold some Bitcoin to the 25yrs old guy that I know and the Bitcoin was stolen, I am always against the idea of seliing Bitcoin to someone face to face normally but when he told me about it I was like you guys are friend so no problem, until he said he sold to him in discount.
Bitcoin is massively high in value and someone decide to sell to you in discount?
What will cost them to sell on exchange?
That's where I knew something isn't right, they were all apprehended because the 25yrs old guy moved the Bitcoin back to a centralised exchange where he already passed his KYC.
They will be charged to court I heard, and the case is still on, the parent are now finding every means to save their son from the mess, and truthfully he is not a part of the criminal activity, all he did wrong was buying the Bitcoin, he was the first to get arrested and he led the agents back to the other guys.
This should serve as an example to all beginners, if someone can't buy or sell their digital assets on exchanges, you have the right to be suspicious, teach them how to if you can but don't ever buy from them, it can be stolen digital assets.
I think this is a very educative thread for beginners. There is every possibility that there must be countless occurrences of this activity which were not known and this has really being of help . But I would still need to know if there is a possibility of online vendors selling to you stolen assets without your knowledge and how do you trace it?