I want to discuss the recent scams occurring in P2P (peer-to-peer) trading.
On August 26, 2024, I completed a P2P sell order that went smoothly from both sides. The buyer made the fiat payment, which I confirmed in my bank account before releasing the USDT.
However, two days later, a portion of my bank balance was unexpectedly frozen. Alarmed, I reached out to my bank’s customer support, who informed me that the freeze was due to a cyber-crime complaint. Unfortunately, they couldn’t provide details, such as who filed the complaint or any specifics.
To investigate further, I reviewed my recent transactions and suspected the P2P order I conducted on Binance. Checking the buyer's profile, I found that several others had encountered similar account freezes following trades with this buyer.
Currently, my funds are still on hold, and I have no clear indication of when, or even if, they will be released back to me. It seems that some individuals are exploiting P2P trades by filing complaints against fiat transactions and initiating chargebacks after payments are made.
I strongly advise others to carefully review users’ profiles before engaging in any P2P trades. I also urge Binance to address these issues and implement a long-term solution to protect traders.
Has anyone else faced a similar situation? If so, what steps did you take to have your funds unfrozen?
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