šØ P2P Scam Alert ā Pakistan
A trader sold 700 USDT (~PKR 205,000) via Binance P2P. Transaction went through, payment receivedābut within days, the bank account was blocked and funds frozen. The buyer disappeared and explained it as a āchain dispute.ā
This happened even though the buyer looked verifiedālesson: Always stay cautious.
How the scam unfolded:
ā¢ Payment via a third-party account flagged by the bank, causing a freeze ļ¬asco.
ā¢ Despite solid proof (CNIC, WhatsApp logs, screenshots, Binance order ID), both the bank and Binance response have been slow to resolve.
Lessons for P2P traders in Pakistan:
1. Always insist on buyerās bank account matching their Binance KYC details.
2. Use a designated bank account exclusively for P2P trades.
3. Withdraw funds immediately instead of leaving them in your account.
4. Preserve all trade evidenceāCNICs, chats, screenshots, receipts.
5. If things go wrong, escalate via FIA Cybercrime, Banking Ombudsman, or Binance Support promptly.
Stay alert, trade smart, and donāt let P2P opportunities cost you.