🚨 Beware of Reversed P2P Scams in Pakistan – Protect Your Crypto & Cash!
Scammers are exploiting bank chargebacks to trap unsuspecting P2P traders — and it’s hitting sellers hard. Here’s how it works and what YOU can do to stay safe:
How the Scam Unfolds:
1️⃣ Fraudsters buy crypto from you on Binance P2P and receive it instantly.
2️⃣ They then fake a claim with their bank, calling the payment “unauthorized” or a “mistaken transfer.”
3️⃣ The bank freezes both their AND your bank accounts—yes, even yours!
4️⃣ Linked accounts get locked down due to strict anti-money laundering (AML) rules, freezing your funds for months.
Why Pakistan Is Especially Vulnerable:
🚫 No clear crypto laws = No safety net. Banks often freeze accounts without clear evidence.
🏦 Banks usually side with fiat payment claimants, ignoring crypto transaction proofs.
🔍 Recent mega crypto fraud crackdowns have made banks extra cautious — and aggressive.
🛡️ Stay One Step Ahead: Protect Your Funds Trade Only Verified Partners: Look for 100+ completed trades with 95%+ positive feedback. No new or shady accounts!
Use a Separate Bank Account: Dedicate an account just for P2P trades — keep your main savings safe and untouched.
Withdraw Immediately: Once your crypto is confirmed, move your funds to a cold wallet or another unrelated account right away.
Keep Solid Proof: Save every screenshot, payment receipt, and chat log — documentation is your best defense.
⚠️ Remember: Crypto’s legal landscape in Pakistan is still evolving. A frozen bank account could take months to unlock — don’t let scammers hold your money hostage!
Stay smart. Trade safe. Protect your crypto future.