Title: "The Growing Threat of P2P Trading Scams in India 🇮🇳"

As P2P trading gains popularity, so does the risk of falling victim to scams. Recently in Ujjain, India, individuals were caught orchestrating a P2P scam on the Binance platform, exploiting users for a fee of 1,500 Indian rupees ($18) using fake accounts and documents.

Scammers often entice users through fraudulent crypto-focused Telegram channels, promising high returns or airdrops, only to steal sensitive banking information. They then create P2P accounts on platforms like Binance and WazirX to execute their schemes, disappearing with cryptocurrency after completing transactions.

Victims often turn to the police, resulting in frozen bank accounts linked to the scams, causing distress to unsuspecting traders. Resolving these issues involves intricate processes and limited access to funds, creating significant challenges for victims of P2P scams.#BTC‬