AyeshakhanPari
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P2P SCAM ALERT IN PAKISTAN
P2P Scam Alert in Pakistan – My Experience & Warning for Traders
I sold **700 USDT (around PKR 205,000)** to a merchant through Binance P2P. At first, everything looked normal. The buyer sent the payment, and the transaction was completed. I thought it was a smooth and successful trade.
However, after **10 days**, I received a shocking notice: my **bank account was blocked, and the funds were frozen.** I immediately tried contacting the buyer. He ignored my phone calls and later responded on WhatsApp, saying it was a “**chain dispute**.”
When I visited my bank, the Operations Manager informed me that a dispute of **PKR 205,000** had been filed against this transaction. I submitted a written application, but the **bank representatives refused to provide detailed information**, leaving me in the dark about the actual case.
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## 📂 Evidence Collected
Thankfully, I had kept complete documentation of the trade. I have:
* The **buyer’s CNIC copy**
* **Payment screenshots**
* The **buyer’s contact number and WhatsApp chats**
* A **written application** filed with the bank
I also raised a support request with **Binance**, but the process is slow, and I am still waiting for a resolution.
---
## ⚠️ Key Issues
This case highlights two major problems in Pakistan’s P2P trading system:
1. **Third-party payments** – Many scammers use someone else’s bank account to send funds, creating legal complications for sellers.
2. **Lack of banking transparency** – Even with evidence, banks often withhold full details, making it harder for honest traders to defend themselves.
---
## 🛡 Lessons for Traders
My case serves as a reminder for all P2P users in Pakistan. Here are the key lessons I learned:
* **Never accept third-party payments.** Always ensure the buyer’s payment comes directly from their Binance-verified bank account.
* **Use a dedicated bank account.** Keep a separate account only for P2P trading to reduce risk.
* **Withdraw funds immediately.** Transfer received money out as soon as possible to avoid freezes.
* **Keep full documentation.** Save CNIC copies, chats, and screenshots for every trade.
* **Know your legal options.** If your account is frozen, don’t hesitate to approach the **FIA Cyber Crime Wing** with all evidence.
---
## ✅ Final Thoughts
P2P trading can still be safe and profitable, but scams in Pakistan are increasing. My experience shows how scammers exploit loopholes by filing disputes even after payments are made. Binance support is helpful but often slow, and banks usually provide little assistance.
To all traders: stay vigilant, document everything, and be ready to take legal action if necessary. Don’t let politeness or carelessness cost you your hard-earned crypto.
I sold **700 USDT (around PKR 205,000)** to a merchant through Binance P2P. At first, everything looked normal. The buyer sent the payment, and the transaction was completed. I thought it was a smooth and successful trade.
However, after **10 days**, I received a shocking notice: my **bank account was blocked, and the funds were frozen.** I immediately tried contacting the buyer. He ignored my phone calls and later responded on WhatsApp, saying it was a “**chain dispute**.”
When I visited my bank, the Operations Manager informed me that a dispute of **PKR 205,000** had been filed against this transaction. I submitted a written application, but the **bank representatives refused to provide detailed information**, leaving me in the dark about the actual case.
---
## 📂 Evidence Collected
Thankfully, I had kept complete documentation of the trade. I have:
* The **buyer’s CNIC copy**
* **Payment screenshots**
* The **buyer’s contact number and WhatsApp chats**
* A **written application** filed with the bank
I also raised a support request with **Binance**, but the process is slow, and I am still waiting for a resolution.
---
## ⚠️ Key Issues
This case highlights two major problems in Pakistan’s P2P trading system:
1. **Third-party payments** – Many scammers use someone else’s bank account to send funds, creating legal complications for sellers.
2. **Lack of banking transparency** – Even with evidence, banks often withhold full details, making it harder for honest traders to defend themselves.
---
## 🛡 Lessons for Traders
My case serves as a reminder for all P2P users in Pakistan. Here are the key lessons I learned:
* **Never accept third-party payments.** Always ensure the buyer’s payment comes directly from their Binance-verified bank account.
* **Use a dedicated bank account.** Keep a separate account only for P2P trading to reduce risk.
* **Withdraw funds immediately.** Transfer received money out as soon as possible to avoid freezes.
* **Keep full documentation.** Save CNIC copies, chats, and screenshots for every trade.
* **Know your legal options.** If your account is frozen, don’t hesitate to approach the **FIA Cyber Crime Wing** with all evidence.
---
## ✅ Final Thoughts
P2P trading can still be safe and profitable, but scams in Pakistan are increasing. My experience shows how scammers exploit loopholes by filing disputes even after payments are made. Binance support is helpful but often slow, and banks usually provide little assistance.
To all traders: stay vigilant, document everything, and be ready to take legal action if necessary. Don’t let politeness or carelessness cost you your hard-earned crypto.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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