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New scam in P2P: they block your banking app so you can't verify the payment
This happened to a colleague with experience in P2P, and I'm sharing it so it doesn't happen to you.
It was a well-thought-out scam, and although it may seem incredible, it can happen if you let your guard down for a second.
Read this carefully.
📌 What exactly happened?
A buyer opens an order for 100 USDT. So far, everything is normal. But:
They do not mark the payment immediately. They wait almost until the end of the order time.
At the last minute, they mark “paid” on Binance and send a bank transfer receipt.
The seller tries to access their banking app to check if the money arrived... but they cannot log in: their access is blocked.
Think about this: you are against the clock, the buyer starts to pressure you to release, and you cannot see your account to verify if the payment is real.
What would you do?
My colleague, in order to avoid a negative rating or an appeal, released the cryptos without confirming the money.
Hours later, when they regained access to their account, the money never arrived.
⚠️ What did the scammers do?
They used the merchant's details (full name and identification number that he had posted as part of his payment methods) to:
Initiate a “password recovery” process in the banking app.
This automatically blocked the merchant's access, leaving him unable to check his account just when he needed it most.
They took advantage of that moment to mark “paid” and pressure him.
It was a well-thought-out psychological scam.
🧠 How to avoid falling for something like this?
🛑 1. Never release without seeing the money in your account yourself
No excuses. If you cannot access your app or confirm the deposit, do not release. Even if you are pressured, even if time is running out.
🕵️♂️ 2. Protect your personal data
Many merchants publish their full name or document number as part of the payment instructions.
Avoid this whenever possible. With that information, they can ...