A Binance P2P user recently lost 700 USDT (~205,000 PKR) in what first looked like a safe trade with a “verified merchant.”
At first, everything checked out:
✅ USDT sent
✅ Bank payment received
❌ But within 10 days, the bank froze the account and locked the funds.
When the victim contacted the trader, calls went unanswered. On WhatsApp, the scammer casually replied: “This is a chain dispute.” 😡
🕵️ The Reality Behind the Scam
Bank later confirmed: the payment came from a third-party account → flagged as fraud.
Victim repeatedly followed up, but got no resolution.
Trader vanished, leaving the victim trapped.
📂 Evidence Collected
CNIC copy of scammer
Bank transaction slips
Contact number & WhatsApp chats
Complaint already filed with Binance
⚖️ Next Steps Being Considered
1️⃣ Filing a complaint with FIA Cybercrime
2️⃣ Reporting to State Bank / Banking Mohtasib
3️⃣ Registering a Police FIR
4️⃣ Requesting Binance to suspend the scammer’s account
🛡️ Community Warning – Protect Yourself!
This case is a wake-up call for all P2P traders:
🚫 Never accept third-party payments
🚫 Always verify KYC + reputation score
🚫 Avoid traders who delay or dodge communication
⚠️ The Bottom Line
One careless trade can cost you your hard-earned money and put your bank account at risk.
👉 Share this with your trading circle so nobody else becomes the next victim.
🙏 Stay cautious. Trade smart. Protect yourself.
