If you're trading cryptocurrency in Pakistan, you need to be extra careful. A new type of scam is on the rise, and it could get your bank account frozen, even if you've done nothing wrong.---🧨
What Is the "Chain Dispute" Scam?This scam works like a chain reaction:
1. A scammer sends stolen or fake money to a crypto trader in a P2P (peer-to-peer) deal.
2. The scammer then files a complaint with the bank, claiming the money was sent without their consent.
3. In response, the bank freezes not only the scammer’s account but also the recipient's account (the crypto trader).
4. If that money has been sent to others, their accounts might also get frozen.This ripple effect is called a “Chain Dispute”, and it’s locking up multiple innocent bank accounts at once.> 🔗
#ChainDisputeScam---🏛️ The Legal Situation in PakistanSince 2018, the State Bank of Pakistan (SBP) has issued warnings against cryptocurrency. There are no clear legal frameworks for crypto trading in Pakistan. Because of this, banks are highly cautious and quick to freeze accounts linked to crypto transactions.> ⚖️ #CryptoRegulations---📢 Real Experiences From UsersCrypto users in Pakistan have been sharing warnings:“I sold some crypto and received a call from my bank saying my account was frozen due to a ‘suspicious transaction’.”“My account got locked after a small P2P trade. They said the money I received was under dispute.”> 💬 #P2PTrading---❗ Why This MattersScam Risk: Your account can be frozen even if you unknowingly receive money from a scammer.No Legal Protection: With no proper crypto regulations in place, banks often act conservatively, and you could lose access to your funds without warning.---
✅ How to Stay Safe
1. Use a Separate AccountDon’t use your main bank account for crypto. Open a separate account (e.g., with SadaPay or another fintech) for all crypto-related transactions. Only move funds to your main account once a trade is 100% complete.
2. Keep Proof of Every TradeAlways save screenshots, receipts, and chat records of your trades. You may need these if a dispute arises.
3. Trade With Trusted PeopleAvoid unknown or suspicious buyers/sellers. Always use reliable platforms and verified users.---
🔐 Be Smart. Be Safe. Trade Responsibly.Crypto trading in Pakistan is still in a legal gray area. Until the rules are clear, it’s up to you to protect yourself.
