🚨 Important Alert for Crypto Users in Pakistan
⚠️ Stay Cautious ⚠️
Your bank account could get frozen due to crypto activity – here’s how and why.
🧨 “Chain Dispute” – A Growing Scam
In this scam, a fraudster sends illegally obtained money to a crypto trader, then files a report with the bank claiming the money was stolen. As a result, the bank doesn't just freeze the scammer’s account — it also blocks the trader’s account and any others linked to the transaction. This ripple effect is known as a “chain dispute,” and it can cause multiple accounts to be frozen without warning.
🏛️ Regulatory Uncertainty
Since 2018, the State Bank of Pakistan (SBP) has discouraged the use of cryptocurrency. There are no solid laws in place, which makes crypto trading legally unclear. Because of this, banks often treat crypto transactions as suspicious and may take action without prior notice.
💬 Real User Experiences
People on platforms like Reddit have shared their concerns:
“I sold crypto and got a call saying my bank account was frozen because of a flagged transaction.”
“After doing a small P2P trade, my account was locked due to a ‘disputed payment.’”
🧠 What You Need to Know
Risk of Frozen Funds: Even if you’re not involved in a scam, receiving money from a scammer can still lead to your account being blocked.
Lack of Legal Protection: With no official crypto laws, banks are extremely cautious and quick to take action.
✅ Tips to Protect Yourself
Use a separate bank account: Avoid using your main account for crypto trades. Try platforms like SadaPay for P2P transactions, and transfer funds only after deals are complete.
Document everything: Always save transaction records, screenshots, and chat receipts.
Be selective: Only deal with trusted buyers/sellers and well-known platforms.