#ScamAlert #FOMCMeeting #IsraelIranConflict

A realistic cautionary story based on actual types of P2P scams that have happened on Binance and other exchanges, to serve as a P2P SCAM ALERT and educate users:



⚠️ P2P SCAM ALERT ON BINANCE: Learn from the Past, Protect Your Crypto Future

Title: “The Disappearing Payment” – A True Story of a P2P Scam on Binance


🚨 What Happened:

In late 2022, a Nigerian Binance user named Tolu, a small business owner, listed USDT for sale using Binance’s P2P (peer-to-peer) platform. A buyer initiated a trade for 500 USDT, and Tolu received a screenshot of a payment confirmation via bank transfer.


The buyer kept insisting that the money had been sent and was just “pending.” Due to time pressure and fear of losing future ratings, Tolu released the USDT—but the money never arrived.


After trying to contact the buyer, Tolu discovered he had been blocked. Binance support couldn't reverse the USDT transfer because the crypto had already been released willingly. The buyer had used a fake payment screenshot—a growing scam method in crypto P2P deals.



🕵️ Similar Scams That Have Occurred:

“The Refund Reversal Scam” (India, 2021):

A scammer paid via UPI (instant payment), received the crypto, then contacted the bank and reversed the transaction claiming it was unauthorized. The seller lost both funds and crypto.

“Fake Bank Apps Scam” (South Africa, 2023):

Fraudsters used modified apps that showed fake bank balances and sent counterfeit payment alerts. Victims were tricked into releasing crypto before verifying with their actual bank account.

“Account Freeze Trap” (Kenya, 2022):

Scammers used stolen bank accounts to make real payments. After receiving crypto, the original bank account holder reported fraud, leading to the seller’s account being frozen while the scammer got away.


🛡️ How to Protect Yourself on Binance P2P:

✅ NEVER release crypto until you confirm the money has cleared in your bank account.

✅ Ignore payment screenshots — verify in your own mobile banking app or online.

✅ Avoid accepting third-party payments or unknown sender names.

✅ Be cautious with new users with no trade history or verification.

✅ Record all communications and screenshots during transactions.



⚖️ Binance P2P Safety Features – Use Them:

Escrow System: Always trade within Binance’s P2P system, which holds crypto until you release it.

Appeal Option: If you feel pressured or suspect fraud, open a dispute immediately.

Verified Badges & Feedback: Trade with verified users who have strong completion rates and reviews.


📣 Final Word:

P2P trading is a powerful tool for crypto access, especially in regions with limited banking freedom — but you are your first and best line of defense. Scams don’t come with warnings — but stories like these should be your wake-up call.