Scammers are increasingly targeting P2P transactions. Here’s a breakdown of their methods and how to safeguard your assets:

Initial Setup:

The scam starts when the victim places an order and completes the fiat payment to the scammer.

Scammer Tactics:

The scammer then contacts the victim through phone or Social media, urging them to cancel the order for a refund. Unsuspecting users may comply, allowing the scammer to quickly transfer or sell the cryptocurrency.

Advanced Deception:

For more cautious users, scammers impersonate Binance customer support, convincing the victim to scan a Web Login QR code. This grants scammers access to the victim’s account, enabling them to cancel the order and steal the cryptocurrency.

Protect Yourself:

- Once you’ve made the payment, never cancel the order.

- Always verify customer service requests through Binance’s official channels.

Stay vigilant and protect your assets by understanding these scams and taking the necessary precautions.

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