The paid-but-canceled P2P scams involve criminals, who pose as crypto sellers, convincing buyers to cancel their order on the exchange platform after payment, leading to victims sustaining financial loss.

Never cancel a P2P order after making a payment unless you are absolutely sure of the legitimacy of the request.

If you have canceled your buy order at the request of your counterparty on Binance P2P, immediately raise an appeal with our Live Chat support team if you suspect fraud.

For more details, please refer to the blog: P2P Safety: How to Recognize and Avoid Paid-but-Canceled Scams.