P2P Scam: My Bank Account Was Frozen
Hello readers,
Today, I want to share how my bank account got frozen and how you can avoid this happening to you and safeguard your funds.
Back in February, I was casually eating and tried to pay using UPI, but the payment failed. I didn't think much of it and tried again, but still no luck. Realizing something was wrong, I contacted my bank. They informed me that they had received orders to freeze my account due to involvement with illegal funds.
It turns out that someone who had paid me through P2P had committed fraud, and every account they transacted with was blocked.
To avoid this, never transact with anyone who has less than 50% successful trades or a completion rate below 95%. Also, always make sure to pay into the same bank account holder's name as shown on their Binance account.
Unfortunately, my account is still blocked.
