A new scam is on the rise, targeting crypto traders in Pakistan. The "Chain Dispute" scam can freeze your bank account, even if you've done nothing wrong. Here's how it works:
1. Scammers send fake or stolen money to crypto traders via P2P deals.
2. They claim the transaction was unauthorized, and the bank freezes the trader's account.
3. This can lead to a ripple effect, locking up multiple accounts.
Due to unclear crypto regulations in Pakistan, banks are quick to freeze accounts linked to crypto transactions. To protect yourself:
1. Use a separate account for crypto transactions, like a fintech account.
2. Keep detailed records of all trades, including screenshots and receipts.
3. Only trade with trusted and verified users on reliable platforms.
Stay vigilant and take necessary precautions to safeguard your funds. Crypto trading in Pakistan may be in a legal gray area, but with caution and smart practices, you can minimize risks.
#ChainDisputeScam #CryptoRegulations #P2PTrading"