🚨Alert Alert Alert Alert🚨 ⚠️Binance (P2P)⚠️ Scam In Pakistan⚠️
____:______:_______:______:_____:____ Binance P2P disputes are on the rise in Pakistan, with three recent cases involving blocked accounts due to fraudulent activities. The common issue in these disputes was transactions occurring outside of Binance, resulting in fraud complaints and account blocks. To avoid similar complications, it's crucial to understand the root cause and take necessary precautions. The Common Issue: Transactions Outside of Binance In all three disputes, buyers engaged in transactions outside of Binance, received payments from other sources, and then bought USDT from the seller. They sold the USDT at a higher rate elsewhere, without verifying the source of funds or securing proof. This led to fraud complaints from the original fund senders, resulting in account blocks for both the buyers and the seller. The Consequences: Account Blocks and Reversed Payments In one case, the issue was resolved after an investigation, and the payment was credited back to the seller's account. However, in the other two disputes, the buyers did not resolve the issues, and the seller had to reverse the payments. This highlights the importance of ensuring secure transactions and collecting necessary evidence to avoid disputes How to Avoid Disputes: Collect Necessary Evidence To protect your account and ensure secure transactions on Binance P2P, follow these steps - Obtain a video statement from the buyer - Get the buyer's mobile number - Request a video of the buyer's transaction history from the last 24 hours - If the payment comes into their account, request the CNIC of the sender - Cancel the trade if necessary By following these steps, you can avoid complications similar to those experienced in the recent disputes Stay Vigilant and Secure Your Transactions Binance has strong security measures in place, but some users still attempt to buy USDT from Binance and sell it outside the platform. Stay vigilant, collect all necessary evidence, and ensure safer transactions to protect your account and avoid disputes Like and share this article to spread awareness about Binance P2P disputes! Leave a comment below with your thoughts and experiences. Let's work together to create a safer trading community! #BinanceHODLerBANANA #BinanceTurns7 #Write2Earn! #P2PScamAwareness #P2PScamWarning
Layer 1 Foundation Partners with UniSat and Best in Slot to Maintain BRC-20 Token Standard
According to CoinDesk, Domo, the pseudonymous creator of the Bitcoin network's BRC-20 token standard, announced a partnership between his non-profit organization, Layer 1 Foundation (L1F), and Bitcoin infrastructure companies UniSat and Best in Slot. The partnership aims to serve as BRC-20's 'lead maintainers.' The BRC-20 token standard operates on the Ordinals Protocol, enabling digital assets other than BTC to be traded on the Bitcoin network. Ordinals functions by writing 'inscriptions' onto small denominations of BTC, known as satoshis, allowing them to be tracked, loaded with data, and transferred.
Governance on BRC-20 and Bitcoin, in general, has been a contentious issue, as demonstrated earlier this year when UniSat and Domo disagreed over the proposed 'Jubilee' upgrade to the Ordinals protocol. Despite their differences, Domo has recognized UniSat's role in decentralizing the BRC-20 ecosystem, as it was the first marketplace to list BRC-20 tokens. UniSat has also collaborated with Best in Slot to develop a decentralized BRC-20 indexing product. Domo stated that the goal is to support the growth of Bitcoin metaprotocols on Ordinals and beyond.
Additionally, Domo has appointed an 'oversight committee' to enforce L1F governance guidelines for the BRC-20 standard. The committee's appointees include Bitcoin Ordinals wallet Oyl and UXTO Management, the fund arm of Bitcoin Magazine owner BTC Inc.