ALARMING NEWS ALERT 🚨🚨 Ongoing Issues 🚨

Today meeting of 20 Experts including me with Pakistani community in USA, They all have one common issu..

In Pakistan, many people are encountering recurring P2P forward disputes on Binance, not because of buyer complaints, but due to account blocks that subsequently led to my account being blocked. Each dispute shared common elements: buyers engaged in off-platform deals, received payments from others, bought USDT from me, and sold it at a higher rate elsewhere.

In all three instances, the buyers were new and conducted transactions outside Binance. They negotiated deals, received money from third parties, purchased USDT from me, and sold it without verifying the source or authenticity of the funds. Eventually, the original senders of the funds filed fraud complaints against the buyers, resulting in the blocking of their accounts, which then led to my account being blocked as well. In one case, after investigation, the payment was credited to my account because one buyer settled with the sender. However, in the other two cases, the buyers didn't settle, forcing me to reverse the payments for the disputed transactions.

While Binance has strong security measures for merchants, many users still try to buy USDT on Binance and sell it off-platform. To ensure safer transactions on Binance P2P, always secure a video statement and the buyer's mobile number. The CNIC alone is less reliable in these cases. A video statement offers stronger evidence of a legitimate transaction. Alternatively, record a video of the buyer's transaction history from the past 24 hours. If the payment is received in their account, request the CNIC of the person who sent the funds, or cancel the trade. This method is safer and helps prevent disputes.

By taking these precautions, you can protect your account and ensure more secure transactions on Binance P2P. It's essential to stay vigilant and gather all necessary evidence to avoid the complications I faced.

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