There’s a new scam you need to know about – “Chain Dispute” and it’s catching traders off guard. Here’s how it works:
How the Scam Works – “Chain Dispute”
A scammer sends you money (which is often stolen or obtained through fraud) to buy your crypto. After the transfer, they file a complaint with the bank claiming the money was “sent by mistake” or was “unauthorized.
The result?
❌ The scammer’s account gets frozen.
🔒 Your account also gets blocked.
📌 And every account that received that money in the transaction chain risks being frozen too.
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📜 Legal & Banking Background
Since 2018, the State Bank of Pakistan (SBP) has issued multiple warnings against crypto-related transactions. Due to unclear legal status, banks often treat all crypto-linked transactions as “high risk” and take aggressive action, including freezing accounts without prior notice.
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🗣 Real Stories from Traders
> “After just one P2P trade, my bank account was blocked. Reason: ‘Disputed Transaction’.”
“I sold my crypto, and the next day my account was frozen — no warning at all.”
🛡 How to Protect Yourself
✔ Use a Separate Bank Account – Keep your main bank account completely separate from your crypto trading activity.
✔ Keep Proof of Every Trade – Save screenshots, receipts, and transaction IDs for every deal you make.
✔ Trade Only with Trusted Parties – Avoid unknown P2P traders, especially those offering “too good to be true” rates.
✔ Withdraw Instantly – As soon as the payment arrives, transfer the funds to a secure, unrelated account.
Crypto trading in Pakistan remains a legal grey area. Until regulations are clear, take extra precautions to make your trading safe, traceable, and scam-proof. One wrong transaction can lock you out of your own money for months.