Be cautious of #p2p fraud

Beware of P2P scams on Binance

Fraudsters are increasingly targeting P2P transactions. Here's how it works:

1. Initial setup: The victim submits a request and completes a legitimate payment to the scammer.

2. Scammer tactics: The scammer contacts the victim via phone or Telegram, urging them to cancel the request for a refund. Less vigilant users may comply, allowing the scammer to quickly transfer or sell all the cryptocurrency.

3. Advanced deception: For more cautious users, scammers impersonate Binance customer support and convince the victim to scan a QR code to log in via the web. This gives scammers access to the victim's account, allowing them to cancel the request and steal the cryptocurrency.

4. Scams through messages on other apps like Telegram

Protect yourself:

- Once you have made a payment, never cancel the request.

- Verify customer service requests through official Binance channels.

Stay vigilant and protect your assets. Be cautious, follow the protection instructions, and only deal with trusted and verified sources.