The Binance P2P Killer: How Fake Buyers Are Luring Victims in Africa
The Binance P2P Killer: How Fake Buyers Are Luring Victims in Africa
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In Africa, P2P crypto trading has become a dangerous game as scammers posing as buyers target innocent sellers. These fraudsters exploit trust by using fake payment screenshots, fraudulent SMS alerts, or third-party bank transfers to convince sellers they’ve paid. Once the crypto is released, the scammers disappear—leaving victims with nothing.
One common method is “fake proof of payment,” where scammers edit transfer receipts or send fake SMS alerts. Believing the payment is real, the seller releases the crypto, only to find no money in their account. In other cases, criminals use third-party accounts to make payments. After the trade, the real account owner reports it as fraud, resulting in a chargeback that reverses the funds. Some scammers even execute “man-in-the-middle” attacks, pretending to be both buyer and seller, and redirect payments.
These crimes often go unpunished, especially in regions with limited cybercrime enforcement. As a result, trust in P2P platforms is declining.
To stay safe, users must always confirm payments directly in their bank, avoid accepting funds from unknown or third-party accounts, and use Binance’s in-built escrow service for protection. P2P trading can be safe—but only if users remain cautious and alert.#P2PScamAwareness #BESAFE $BTC $ETH