Scammers are coming up with new ways to target P2P transactions. Here’s how they work:
1️⃣ After you successfully complete a P2P transaction and receive the amount in your bank account, you think everything is fine, but you are wrong.
2️⃣ The fraudster later contacts the bank and claims that the payment was fraudulent, exploiting a loophole in the banking system that allows him to dispute the transaction.
3️⃣ Without listening to your point of view, the bank blocks your account. The scammer then contacts you and demands that you return the money they paid for the cryptocurrencies, claiming that this is the “only way” to unblock your account.
At this point, you may feel compelled to return the money, especially if you have more money in your account than they originally sent.
🚨 This type of fraud has affected a large number of people.
How to protect yourself?
🔒 Follow these 3 steps before selling cryptocurrencies:
1️⃣ Select buyers with 1,000+ completed orders and a completion rate of over 95%.
2️⃣ Check negative reviews. If there are any scam claims, avoid them completely.
3️⃣ Read the buyers' terms and conditions carefully before proceeding.
If you have been scammed or know someone who has, share your story in the comments. Your experience may help others avoid becoming victims.
Stay safe!
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