ALARMING NEWS ALERT ‼️🚨‼️‼️‼️🚨‼️‼️🚨

In Pakistan, there have been three P2P disputes on Binance that were not due to buyer complaints but because the buyers’ accounts were blocked, which led to my account being blocked as well. The common issue in these disputes was that buyers engaged in transactions outside of Binance, received payments from other sources, bought USDT from me, and then sold it at a higher rate elsewhere.

In each case, the buyers were new, and their transactions occurred outside of Binance. They arranged deals, received funds from third parties, purchased USDT from me, and sold it without verifying the source of the funds or securing proof. This led to fraud complaints from the original fund senders, resulting in account blocks for the buyers and for me. In one case, after an investigation, the payment was credited back to my account because the buyer resolved the issue with the sender. However, for the other two disputes, the buyers did not resolve the issues, and I had to reverse the payments.

Binance has strong security measures, but some users attempt to buy USDT from Binance and sell it outside the platform. To avoid disputes, ensure safer transactions by obtaining a video statement and the buyer's mobile number. The CNIC alone is not sufficient. A video statement offers better proof of a legitimate transaction. Alternatively, record a video of the buyer’s transaction history from the last 24 hours. If the payment comes into their account, request the CNIC of the sender, or cancel the trade. These steps will help protect your account and ensure secure transactions on Binance P2P.

Stay vigilant and collect all necessary evidence to avoid complications similar to those I experienced.

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