The encounter of actor Wang Xing in Thailand shocked users in the entire Chinese-speaking online community. During the news fermentation period, various unofficial messages also had a huge impact on public opinion. Among them This includes several claims that King Xing was traded through a cryptocurrency collateral platform.

On January 10, 2025, some netizens exposed a certain group of Telegram software on social platforms A screenshot of the group chat record. The exchange content in the picture is a blockchain-guaranteed transaction for the purchase and sale of Wang Xing. The publisher claimed that the chat record occurred before the Wang Xing incident, which aroused heated discussion among netizens.

Some researchers believe that the chat record is forged and the transaction does not exist at all. However, Bitrace discovered through blockchain fund analysis that the on-chain transactions corresponding to the chat records do exist and are not completely forged.

Bitrace has been investigating currency-related criminal cases in Southeast Asia for a long time and is familiar with the local encryption crime industry. Based on the business logic of secured transactions, we analyzed the occurrences in the chat records Reorganize all the information:

Chat place

After the guarantee platform customer service matches buyers and sellers in the advertising area or public trading group, a special trading group will be established for the three parties to communicate. The place in the chat screenshot is the special trading group.

Screenshot maker

There are six people in the special group, five of whom gave speeches, all For buyers and sellers. It indicates that if the screenshot is genuine, then the person who took the screenshot is the creator of the group chat, which is also the guaranteed platform customer service.

Timeline

At 02:31 that day, the buyer and seller began to communicate about the deposit

At 02:32 on the same day, the seller claimed that "people have got on the car"

On that day At 02:41, both parties began to evaluate the target of this transaction, "King Star", but as ofThe photo of the victim shown in the picture was released at 19:46 the day before

03:08 that day, and both parties agreed that the deposit had been received

03:12 on the same day, the chat record ends< /p>Blockchain analysis

Based on the fund activity model of the guarantee platform, Bitrace conducted a detailed cryptocurrency fund analysis on the blockchain address TAiv3g appearing in the picture:

According to the BitracePro blockchain fund analysis canvas, we did not find the amount of 14,000 on January 3 when the official report was that Wang Xing lost contact. USDT transfer records.

But after traversing the transaction records of TAiv3g, we successfully found a transaction amount of The receipt of 13928 USDT occurred at 03:08 on November 19, 2024, which coincides with the time when the deposit arrived in the aforementioned timeline.

After expanding on TAiv3g’s transactions near this time point, a suspected acquisition was found The buyer's address of depositing funds is TFAbPj, which is the user address of a known cryptocurrency payment platform, and the funds therefore flowed into the payment company's business address.

This type of activity has occurred more than once on this guarantee platform. The canvas shows that at least 10 user addresses of this payment instrument are also participants in guaranteed transactions. The amount is between 7,000 and 80,000 USDT, and the transaction content is unknown.

There are many contradictions in the screenshots of the chat records, indicating that the transactions presented in this set of chat records actually have nothing to do with Wang Xing ：

1/ Wang Xing lost contact only on January 3, but there was no transfer of 14,000 USDT to the address on that day;

2/ The release time of the photo in the chat history is wrong, and the sticker should be faked later.

Based on Bitrace’s intelligence library, we also found more useful information, proving that the chat record is also real:

1/ According to our earlier address tags, the entity to which TAiv3g is affiliated is a secured trading platform, and open source network intelligence shows that the platform does indeed operate "overseas labor services" related businesses; p>

2/ This guarantee platform has a deep financial relationship with another cryptocurrency payment platform;

3/ At 03:08 on November 19, 2024, TAiv3g charged 13928 USDT deposit, time and amount are consistent with the screenshot content.

Therefore, these chat records are half true and half false. Based on real secured transaction scenarios and other people's information, the original whistleblower concocted the so-called chat records of Wang Xing being trafficked and posted them on the Chinese Internet. The motive behind this is unknown.

There is no direct on-chain evidence that actor Wang Xing was sold on January 3, 2025 through the cryptocurrency secured trading platform in the chat records. The photos and names of Wang Xing are all fake. However, the secured transaction activities described in the chat records actually existed on the chain on November 19, 2024, indicating that the special group did conduct a transaction of 14,000 USDT on that day.

Having said that, since this set of chat records is not the communication about Wang Xing being bought and sold on January 3, 2025, then which "person" or " "Things" related to this transaction on November 19, 2024?

Shudder.

----

Appendix: What is the blockchain transaction guarantee platform

Appendix: What is the blockchain transaction guarantee platform

p>

The so-called guarantee platform is essentially a transaction intermediary, designed to help both parties build trust and prevent transaction fraud.occur. Our commonly used platforms such as Xianyu and Alipay are actually tools of this type.

In the field of black and gray property transactions, both parties engaged in illegal activities also need guarantee services to establish trust, and this type of institution provides guarantee services for black and gray property transactions , currently the U.S. dollar stable currency USDT is commonly used, so we can see a blockchain address in the screenshot uploaded online.

This address is the blockchain address where the guarantee platform collects transaction deposits from buyers. The buyer's behavior of transferring funds is called "staking", and the behavior of obtaining the same amount of transfer from the deposited address after the transaction is completed is called "staking".

In this way, the guarantee platform provides protection for various risky trading activities. In Southeast Asia, various large and small guarantee platforms operate, and their businesses are mixed. They not only provide assistance for illegal activities such as fraud and gambling-related fund laundering, but also provide services for criminal activities such as human trafficking and drug trading.