Let me share how Binance saved me from falling victim to a crypto scam and losing 1000 USDT.
Recently, someone contacted me on Telegram with what seemed like a "great offer" — selling BTC at 5% below the market rate. The deal was simple: he would send BTC to my wallet, and once received, I would transfer USDT to his wallet.
I’m usually very cautious with these kinds of deals. My rule is clear: no payment until the crypto is confirmed in my wallet — and I always check the sender’s wallet address to ensure it's not flagged for illegal activity.
So, I gave him my BTC address. Soon after, I saw BTC reflected in my wallet. I checked the sending address, and it looked clean. Everything appeared legit. I was asking myself, “Where’s the scam?”
Then, I noticed the transaction was marked as pending on Blockchair — and, more importantly, it didn’t show up on the official Bitcoin blockchain. That raised a red flag, but since the funds were visible in my wallet, I almost proceeded.
When I tried to send USDT via Binance to his BEP20 wallet, Binance blocked the transaction, warning me that the address was reported for suspicious activity. I thought maybe Binance was being overly cautious. So the scammer sent me a second address. Same warning. Then a third — again flagged by Binance.
That’s when I started seriously doubting the whole transaction.
To test things further, I attempted to send the received BTC to an exchange — but nothing arrived. In fact, the BTC that was “pending” completely disappeared. It was never truly sent to my wallet. It was just a trick using an unconfirmed transaction to make it look like I had received crypto.
Had I not received those timely Binance scam alerts, I would have lost my 1000 USDT.
💡 Lesson Learned:
If it sounds too good to be true, it probably is.
Huge thanks to Binance for protecting me — and for helping keep our crypto safe. 🙏
