Scammers are refining their tactics to target P2P transactions on Binance. Protect your crypto by staying informed about their latest scheme and taking precautions.
How the Scam Works
1锔忊儯 The Smooth Start:
You sell cryptocurrency via Binance P2P, and the buyer鈥檚 payment reaches your bank account without any issues鈥攁t first glance, everything seems normal.
2锔忊儯 The Fraudulent Dispute:
Later, the buyer files a complaint with their bank, claiming the payment was unauthorized. Leveraging loopholes in the banking system, they reverse the transaction. You're left with neither the payment nor your crypto.
3锔忊儯 Frozen Account:
The bank freezes your account, often without prior notice. Meanwhile, the scammer contacts you, pretending to assist. They demand you return the funds they sent, claiming it will help unlock your account.
4锔忊儯 The Real Danger:
Under pressure鈥攅specially if other funds are tied up in your frozen account鈥攜ou may feel compelled to comply. This is how the scammers exploit their victims, often repeating the fraud.
The Growing Problem
This scam is spreading fast, with numerous Binance users reporting incidents. At least 15 victims have already fallen prey. If others are being targeted, it could happen to you.
How to Stay Safe
1锔忊儯 Choose Reliable Buyers:
Sell only to buyers with a completion rate of 95% or higher.
Ensure they鈥檝e completed a minimum of 1,000 trades.
2锔忊儯 Check Reviews:
Negative reviews can reveal red flags, such as disputes or scam claims. Avoid buyers with suspicious feedback.
3锔忊儯 Review Terms Carefully:
Scrutinize buyer conditions before proceeding. If something feels off, don鈥檛 go through with the trade.
Share Your Story
Have you or someone you know experienced a Binance P2P scam? Sharing your experience can help others stay safe.
Trade cautiously, stay alert, and safeguard your assets. Together, we can outsmart the scammers.