The crypto world seems prosperous, but there are dark currents beneath the surface. A saying circulating within the community - "ocean fishing" - is becoming a nightmare for more and more people.

This is no joke. This jargon refers to cross-border investigations, frozen assets, and even personal control. Some people have "struggled for half a year to get free." In the past three years, there have been over 20 publicly recorded similar cross-border cases, with 70% involving single amounts exceeding 100 million USD. By the first half of 2024, globally frozen assets due to compliance reviews surged by 180%. The harshest reality is — a person might come out, but the money? Not necessarily.

But interestingly, deep things are changing.

The Federal Reserve's attitude has flipped—from previously "firmly opposing" to now "supporting innovation". The United States has begun issuing licenses to stablecoin issuers. The UK has simply defined crypto assets as "personal property". The overall direction has quietly shifted from a "one-size-fits-all ban" to "clearing boundaries and integrating into the system".

This has created a strange tension: the ideal of decentralization is facing the reality of centralized power. For large holders, short-term pain is inevitable — funds are still floating overseas, but the regulatory net is tightening. The path to compliance is being paved, but the process of walking this path is destined to go through huge waves.