Scammers are finding new ways to exploit P2P transactions, and you need to stay vigilant. Here’s how one common scam works:
1. You complete a P2P trade, seemingly without any issues.
2. After receiving payment in your bank account, the scammer files a false complaint with the bank, claiming the payment was unauthorized.
3. Leveraging a loophole in the banking system, the bank may freeze your account without hearing your side of the story.
4. The scammer then contacts you, demanding you return the payment, threatening that it’s the only way to unfreeze your account.
Many people have fallen victim to this scheme, losing their money or crypto. Don’t let it happen to you!
**Tips to Stay Safe:**
1. **Stick to trusted buyers:** Choose buyers with a track record of at least 1,000 completed orders and a 95%+ completion rate.
2. **Check reviews:** Avoid trading with anyone flagged as a scammer in their feedback.
3. **Understand the terms:** Always review and agree to the buyer’s terms before finalizing the trade.
Have you or someone you know encountered a P2P scam? Share your story in the comments—your experience could help protect others!