P2P ALERT! NEW SCAM MODALITY IN BINANCE: 'Bank Reversal Fraud'
⚠️ WHAT IS HAPPENING?
In recent months, a new and dangerous scam modality has been detected in Binance's P2P trading:
the buyer makes the payment, receives the cryptocurrencies… and then reverses the money from their bank.
What’s the outcome?
You lose your cryptocurrencies and the money disappears from your bank account.
💥 HOW DOES THE SCAM WORK?
The buyer makes a real transfer from their bank.
You see the payment reflected in your account and, confident, you release the cryptocurrencies.
Once the cryptocurrencies are in their possession, the buyer contacts the bank and requests a reversal of the payment, claiming it was an error or an unauthorized transaction.
In recent months, a new and dangerous scam modality has been detected in Binance's P2P trading:
the buyer makes the payment, receives the cryptocurrencies… and then reverses the money from their bank.
What’s the outcome?
You lose your cryptocurrencies and the money disappears from your bank account.
💥 HOW DOES THE SCAM WORK?
The buyer makes a real transfer from their bank.
You see the payment reflected in your account and, confident, you release the cryptocurrencies.
Once the cryptocurrencies are in their possession, the buyer contacts the bank and requests a reversal of the payment, claiming it was an error or an unauthorized transaction.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BOB
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