scamriskwarning

P2P (peer-to-peer) scammers have found a sneaky trick they pay you, then later tell their bank the transaction was "unauthorized," causing the bank to reverse the payment. This can cost you both your money and create big problems for your account.
Here’s a simple defense plan:
Set Up a Separate Bank Account Just for P2P Deals
Never use your main bank account for P2P trades. Instead, open a different account that’s only for receiving P2P payments.
Here’s the smart way to handle it:
1. When the buyer sends money, immediately transfer it from your P2P account to your main bank account.
2. Only after the transfer shows up safely in your main account, then release the crypto.
Why This Works:
If the scammer tries to reverse the payment, your P2P account will already be empty. No funds there = no funds to grab back!
Bonus Tip:
If your P2P account ever gets frozen or flagged by the bank, it won’t impact your main money. Just open a new P2P account and keep trading without any serious damage.
Stay sharp. Protect your profits.
#ScamAwareness #SCAMalerts #scamriskwarning #ScamWarning

Pig butchering scams –
Many pig butchering scams rely on fake exchanges that give scammers control over a victim’s wallet and entire asset profile. They also trick victims into adding their bank account information and other financial assets to steal funds from there.
Fake crypto wallets –
Fake exchanges sometimes promote wallets that are also hidden backdoors to give scammers access to a victim’s funds.
Crypto investment scams –
Teams behind fake exchanges may also promote other projects and investments they are working on, like new coins, DeFi projects, or NTFs. If the exchange is a fake operated by scammers, it is often a gateway to trick victims into falling for other related crypto scams.
Rug pull scams –
Similar to crypto investment scams being linked to fake exchanges, teams behind the fake exchange may promote coins or new investment opportunities on the platform only to “pull the rug” and abandon the project once they have enough investors.
#ScamAwareness #scamriskwarning

You have probably heard of cryptocurrency, a trendy new way of investing your money. But how safe are these investments, and how do you protect yourself from cryptocurrency fraud? This page explains cryptocurrency and provides tips on how to avoid getting scammed.
Cryptocurrency is a digital asset that uses encrypted networks to execute, verify, and record transactions without the involvement of a centralized authority, like a bank or government. Cryptocurrency can be purchased through an exchange or from a kiosk/ATM. While Bitcoin, the most well-known cryptocurrency, may be accepted as payment at some stores, cryptocurrency is generally not accepted in exchange for goods and services.
Consumers should be cautious of investing in cryptocurrency, which is highly volatile and largely unregulated. Additionally, criminals employ a variety of scams involving cryptocurrency.
Avoiding Cryptocurrency Scams:
Don’t respond to personal solicitations involving cryptocurrency from an unknown source (e.g., through messages on WhatsApp, Signal, Telegram, Facebook, email, text, etc.).Don’t send cryptocurrency to someone you haven’t met in person; even if you have met them, be wary.Verify all requests for payment of a debt independently. If a caller claims to be from a company or government agency, hang up and call the published customer service phone number of the company or agency. No legitimate entity will demand payment by cryptocurrency or promise you a reward for paying in cryptocurrency.Understand that if a cryptocurrency investment seems too good to be true, it probably is.Be aware that you will not be able to reverse a cryptocurrency transaction and get your money back.Don’t invest money you’re not prepared to lose.
#ScamAwareness #scamriskwarning

Lately, there’s been a noticeable spike in peer-to-peer (P2P) scams targeting Binance users. Scammers are exploiting the trust built within P2P platforms to defraud users during crypto trades. These fraudsters often pose as legitimate buyers or sellers and may use stolen identities or fake payment confirmations to trick their victims.
One common tactic involves the scammer sending a fake payment receipt, pressuring you to release crypto before you actually receive funds. In some cases, they might even reverse payments after the transaction is completed.
To stay safe, always double-check that the payment has fully cleared in your account—not just pending. Never communicate or settle outside Binance’s P2P platform, as doing so forfeits your protection. Also, avoid dealing with users who rush or pressure you—this is often a red flag.
Report any suspicious activity immediately through Binance's reporting tools. It’s better to lose a trade than to lose your funds. Stay vigilant, and trade only with verified users who have strong ratings and a reliable history.
Your safety is in your hands—don’t let a moment of trust cost you your crypto.
#MarketRebound #Scam? #scamriskwarning
$BTC
$ETH
$XRP

⚠️ P2P SCAM ALERT: BEWARE OF A NEW BINANCE P2P SCAM ⚠️
A new and highly dangerous scam is making the rounds on Binance P2P, targeting mostly new and inexperienced users. It’s sophisticated, deceptive, and could result in the loss of both your crypto and fiat money.
Here’s how the scam works — step-by-step
The Scam Process
1. The scammer initiates a P2P buy order
They place an order to buy USDT or another crypto asset from you via Binance P2P.
2. They send the fiat payment to your bank account
You'll receive the payment almost immediately — usually through a bank transfer that looks completely legitimate. It appears in your bank account like any normal transaction.
3. You release the crypto
Seeing the funds in your bank account, you assume the payment is genuine and release the USDT or crypto.
4. The trap is sprung — the scammer reverses the transaction
After receiving the crypto, the scammer contacts their bank and initiates a payment reversal, dispute, or claims unauthorized transaction.
5. You lose both your crypto and your money
The bank may withdraw the credited amount from your account, and the scammer keeps the released crypto. You're left with nothing.
Who’s at Risk?
This scam primarily targets:
New users unfamiliar with P2P best practices
Users in a hurry, eager to complete trades quickly
Anyone trusting a payment notification without confirming it properly
How to Protect Yourself
Follow these key tips to avoid falling victim:
Only trade with verified users
Check the number of completed trades, user reviews, and verification level on Binance P2P before proceeding.
NEVER release crypto based on SMS or screenshots
Scammers can forge screenshots or fake SMS alerts. Always verify payment through your official bank app or website — not just your notification panel.
Watch out for red flags
Offers that seem too good to be true
Buyers who are overly eager or rushing you
Requests to chat outside Binance or share sensitive info
Keep communication on Binance P2P
Never share your personal data, phone number, or banking info outside the Binance platform.
Use the “Appeal” feature if anything seems wrong
If you have doubts or something feels off, don’t release the crypto. Use the Appeal button and let Binance support review the situation.
Final Reminder
One mistake could cost you everything. Stay alert, take your time, and always verify every step before confirming a trade.
Share this alert with your network to help others stay informed and protected.
Stay Safe. Trade Smart. Protect Your Crypto.
#Scam? #scamriskwarning #ScamAwareness #ScalpingTrading #ScamRickWarning

I was scammed on Binance P2P.
As a newcomer to Binance, I sold $630 worth of USDT to a user named "24tranders". He transferred approximately 2.65 lakh PKR to my two Pakistani bank accounts, but the transfers were made under three different names. Later, I found out that this money was sent from bank accounts hacked by the scammer.

The victims of the hacking filed complaints with the FIA, which led to the freezing of my bank accounts and accounts of others involved. The investigation seems to be dragging on with no clear resolution in sight.

I currently have around 8 lakh PKR stuck in these frozen accounts, and I’m desperate to get it back. I contacted my bank to ask who the investigating officer is, but they said they haven’t received any details from the FIA yet.

My advice to others:

Never trade on Binance P2P with users who don’t have a Verified Badge.

Make sure their account shows the message "Security Amount Deposited".

Always confirm that the name on Binance matches the sender's bank account name.

I also have the phone numbers of the three people whose hacked accounts were used to send me money, but unfortunately, they believe I was the one who hacked them using their OTPs and passwords.
$BTC $BNB $SOL
If anyone can help me or has faced something similar, please reach out.#scamriskwarning
#ScamAwareness #BinanceAlphaAlert #scammeralert