Beware of Karanlodhi

Iā€™m sharing my distressing experience to caution others against falling prey to this scammer.

The Incident

On November 04, 2024, I sold 77 USDT to a P2P user, Karanlodhi. He transferred money from his bank account, including:

Bank account: Rs. 7100

However, on November 11, 2024, he filed a dispute with his bank, claiming the transaction was unauthorized.

Consequences

1. My Account is Locked: Despite submitting screenshots as evidence of receiving the payment, my account is still locked.

2. Collateral Damage: All other accounts I transferred money to are also locked.

Bank's Stance

My bank is now demanding that I reverse the transaction by sending the disputed amount (Rs. 7100) back to Karanlodhi. They insist this is the only way to unlock my account and those affected.

Scammer Alert

Karanlodhi is running a sophisticated scam:

They complete crypto purchases and later dispute payments, claiming they were unauthorized.

How to Protect Yourself

1. Verify the legitimacy of users before conducting transactions.

2. Maintain detailed records of every transaction.

3. Monitor your accounts for any unusual activity.

Take Action

If youā€™ve had similar issues with Karanlodhi, report them immediately:

1. To the P2P platformā€™s support team.

2. To your bankā€™s customer service.

Spread the Word

Share this alert widely to help others avoid becoming victims of this scam.

Stay vigilant and trade safely!

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#P2PScamAwareness #P2PScamWarning

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Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.