The rise in P2P trading has led to a surge in fraudulent activities, particularly scams involving personal and financial data misuse or promises of high profits. In July, a notable incident in Ujjain, India, involved individuals apprehended for a P2P scam related to the Binance platform, using fake accounts and documents to exploit users for a fee of 1,500 Indian rupees ($18).
P2P scammers often use fraudulent crypto-focused Telegram channels to lure users with promises of returns or airdrops, tricking them into sharing sensitive banking information. They then create P2P accounts on platforms like Binance and WazirX to execute scams, targeting sellers and disappearing with cryptocurrency after completing transactions. Victims often report to the police, leading to frozen bank accounts linked to scams, affecting unsuspecting traders on P2P platforms.
In one case, a seller faced police intervention and threats due to a $40 transaction on WazirX, despite completing a P2P transaction. Resolving these issues involves complex processes and limited access to funds, causing significant challenges and fear among victims of P2P scams.
Remember: A lot of Hardwork goes into for providing you Best Investment Articles. Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Advice.
$PENDLE hitting new all-time highs consistently. Impressive returns for long-term holders. Shared numerous #altcoins❗️ in the past 3-4 months, witnessing significant pumps and discovering new price levels. Stay tuned with notifications on for early insights. Follow @CoinCatcher coincatcher on Binance X: CoinCatcherDEFI tg exclusive calls: thecoincatcher
$spad a $SOL chain launchpad platform is one of the HOTTEST coins right now. Told you all to get in at 300k marketcap. Its at 600k now and the platform has just gotten live!! Other such launchpad platforms have marketcaps over $10m atleast and it would be a easy 10x+ investment.
Check out spad for yourself: https://www.dextools.io/app/en/solana/pair-explorer/F42ZqgYHRJ7XgQL3kj61FNgUbSWFYVqRMGTHhXqnuzmX
How to get Solpad: -Buy some sol on binance -download phantom wallet -transfer sol from binance to phantom -in phantom wallet, open jupiter and swap sol for $spad (CA: F42ZqgYHRJ7XgQL3kj61FNgUbSWFYVqRMGTHhXqnuzmX ) -DONE!
Follow @CoinCatcher coincatcher on Binance for more 🚀 CoinCatcher Premium telegram group: thecoincatcher X: CoinCatcherDEFI
$spad a $SOL chain launchpad platform is one of the HOTTEST coins right now. Told you all to get in at 300k marketcap. Its at 600k now and the platform has just gotten live!! Other such launchpad platforms have marketcaps over $10m atleast and it would be a easy 10x+ investment.
Check out spad for yourself: https://www.dextools.io/app/en/solana/pair-explorer/F42ZqgYHRJ7XgQL3kj61FNgUbSWFYVqRMGTHhXqnuzmX
How to get Solpad: -Buy some sol on binance -download phantom wallet -transfer sol from binance to phantom -in phantom wallet, open jupiter and swap sol for $spad (CA: F42ZqgYHRJ7XgQL3kj61FNgUbSWFYVqRMGTHhXqnuzmX ) -DONE!
Follow @CoinCatcher on Binance for more 🚀 CoinCatcher Premium telegram group: thecoincatcher X: CoinCatcherDEFI