Is this a crypto money laundering scam or a legitimate OTC deal? UK miner wants to send me BTC/TRX/SOL and I send back USDT with 5% commission.
I was contacted by someone on WhatsApp with a crypto proposal that sounds unusual, and I’d like opinions from people who understand OTC trading, AML, and blockchain compliance.
Here’s what was offered:
He says he has access to BTC, TRX, SOL, and other cryptocurrencies.
He will send the crypto to my Trust Wallet **first**.
After I receive and verify it, I have to send him USDT worth **95%** of the value.
I keep **5%** as my commission.
The first transaction is around **$1,000**, but he says if everything goes well, there will be daily transactions.
His explanation is that he is based in the UK and says converting BTC to USDT there creates a large tax liability, whereas sending the crypto to someone in Dubai and receiving USDT back helps him avoid those taxes.
He also claims:
He operates crypto mining equipment.
He makes around **$2,500 per day** from mining.
He showed me his Trust Wallet and other wallets during a live video call, and the balances appeared substantial.
He says I can use Trust Wallet or any wallet/exchange to send the USDT back.
My questions are:
Does this tax explanation actually make sense?
If I receive the crypto **before** sending any USDT, what risks am I still taking?
Could I unknowingly be exchanging “dirty” crypto for “clean” USDT and end up with compliance or legal issues?
Has anyone here seen this exact business model before?
Is there any legitimate reason why someone with large crypto holdings wouldn’t simply use Binance, Kraken, Coinbase, Bybit, or a professional OTC desk?
Could the first few transactions be genuine just to build trust before something goes wrong later?
I’m **not planning to proceed until I understand the risks**. I’m looking for replies from people with real experience in crypto compliance, OTC trading, blockchain analytics, or UK crypto taxation rather than guesses.