Warning: Rising P2P Scams Targeting Binance Users
Scammers are becoming more sophisticated in targeting users during Peer-to-Peer (P2P) crypto transactions. Here’s how their tactics work — and how you can stay safe:
How the Scam Works:
1. Initial Setup:
• The victim places a P2P order on Binance and proceeds to make the fiat payment to the seller (scammer).
2. Manipulation Begins:
• After receiving the payment, the scammer contacts the victim — often by phone, SMS, or Telegram — and urges them to cancel the order, claiming there was an issue and promising a refund.
• If the victim cancels the order, the scammer keeps the fiat payment and the crypto, disappearing without a trace.
3. Advanced Social Engineering:
• If the victim seems cautious, the scammer steps up the deception by impersonating Binance Customer Support.
• They might send fake support messages, ask the victim to scan a “Web Login QR Code”, or click a link that mimics Binance’s interface.
• Once scanned, the attacker gains access to the victim’s account, cancels the order from within, and drains the crypto.
How to Protect Yourself:
Once you’ve completed the payment, NEVER cancel the order, even if asked.
Do NOT communicate outside the Binance platform — especially avoid phone calls or Telegram messages from unknown parties.
If contacted by someone claiming to be from Binance, verify their identity using official Binance support channels only (e.g., through the in-app chat or official website).
NEVER scan QR codes or click suspicious links sent via unofficial means.
Remember: Scammers thrive on urgency, fear, and confusion. Stay calm, follow proper procedures, and always verify before acting.
Stay vigilant. Protect your assets.