crypto daily
--
🚨 URGENT: P2P SCAM ALERT ON BINANCE – BEWARE OF BAJWA TRADERS 786! 🚨
Scammers are evolving, and the recent incident involving the notorious BajwaTraders786 serves as a critical reminder for P2P traders to stay vigilant. Protect yourself by learning from this real-life crypto nightmare.
---
🎯 The Incident: A Crypto Trader's Nightmare
On October 29, 2024, I sold 750 USDT via Binance P2P to a user named BajwaTraders786. He transferred Rs. 204,000 using two separate bank accounts, including one from Bank Alfalah.
At first, everything appeared legitimate. However, just days later, on November 1, 2024, he filed a dispute with his bank, claiming the transaction was unauthorized.
---
💔 The Fallout: How the Scam Unfolded
1️⃣ Account Freeze
Despite providing evidence like screenshots and transaction details, my bank locked my account and even froze other accounts I had interacted with.
2️⃣ Bank's Ultimatum
The bank insisted that the only solution was to reverse the Rs. 204,000 back to BajwaTraders786—an easy win for the scammer.
This left me trapped, unable to recover my funds or crypto, despite being the real victim.
---
⚠️ How the Scam Works
Scammers like BajwaTraders786 exploit the system with a well-planned scheme:
1. They buy crypto and transfer funds to the seller.
2. After the trade is completed, they file a chargeback with their bank, claiming the payment was unauthorized.
3. The seller’s bank freezes their account, and the scammer walks away with the crypto and their money.
This fraudulent tactic is widespread and targets unsuspecting traders, leaving them to face financial loss and legal chaos.
---
🔒 How to Protect Yourself: Trade Safely on Binance P2P
🛡️ Key Safety Tips
1️⃣ Avoid Split Payments
Only accept payments from a single verified account to reduce dispute risks.
2️⃣ Document Everything
Save all payment proofs, chat history, and transaction details as evidence.
3️⃣ Vet Buyers Thoroughly
Check buyer profiles, reviews, and past disputes before proceeding with any trade.
4️⃣ Set Clear Trade Terms
Include terms like “funds must clear without disputes” in your P2P ad descriptions.
---
📢 What to Do If You’re Scammed
Immediate Actions
1️⃣ Report to Binance
Provide all evidence, including payment proofs and chat logs, to Binance Support.
2️⃣ Contact Your Bank
Dispute the scammer's chargeback claim with your transaction history and Binance receipts.
3️⃣ Alert Cybercrime Units
In many countries, crypto-related scams can be reported to authorities like the Federal Cybercrime Investigation Department (FCID).
---
🛡️ Pro Tips for Safe P2P Trading
Stick to Smaller Trades: Avoid large transactions in a single trade; split them into smaller, manageable amounts.
Wait for Payment Clearance: Ensure funds are fully cleared before releasing your crypto.
Stay Informed: Regularly review Binance’s Security Tips and community updates for the latest advice.
---
🚀 Let’s Build a Safer Crypto Community
Fraudsters like BajwaTraders786 erode trust in the crypto ecosystem. By spreading awareness and following safety measures, we can protect ourselves and make Binance a secure platform for trading.
📢 Share This Alert
Share this post widely to educate others and prevent similar scams. Together, we can stop scammers from taking advantage of honest traders.
#COSSocialFiRevolution #BTCBreaks100K? #ETHPriceSurge #BTC100KToday? #Write2Earn!
---
🎯 The Incident: A Crypto Trader's Nightmare
On October 29, 2024, I sold 750 USDT via Binance P2P to a user named BajwaTraders786. He transferred Rs. 204,000 using two separate bank accounts, including one from Bank Alfalah.
At first, everything appeared legitimate. However, just days later, on November 1, 2024, he filed a dispute with his bank, claiming the transaction was unauthorized.
---
💔 The Fallout: How the Scam Unfolded
1️⃣ Account Freeze
Despite providing evidence like screenshots and transaction details, my bank locked my account and even froze other accounts I had interacted with.
2️⃣ Bank's Ultimatum
The bank insisted that the only solution was to reverse the Rs. 204,000 back to BajwaTraders786—an easy win for the scammer.
This left me trapped, unable to recover my funds or crypto, despite being the real victim.
---
⚠️ How the Scam Works
Scammers like BajwaTraders786 exploit the system with a well-planned scheme:
1. They buy crypto and transfer funds to the seller.
2. After the trade is completed, they file a chargeback with their bank, claiming the payment was unauthorized.
3. The seller’s bank freezes their account, and the scammer walks away with the crypto and their money.
This fraudulent tactic is widespread and targets unsuspecting traders, leaving them to face financial loss and legal chaos.
---
🔒 How to Protect Yourself: Trade Safely on Binance P2P
🛡️ Key Safety Tips
1️⃣ Avoid Split Payments
Only accept payments from a single verified account to reduce dispute risks.
2️⃣ Document Everything
Save all payment proofs, chat history, and transaction details as evidence.
3️⃣ Vet Buyers Thoroughly
Check buyer profiles, reviews, and past disputes before proceeding with any trade.
4️⃣ Set Clear Trade Terms
Include terms like “funds must clear without disputes” in your P2P ad descriptions.
---
📢 What to Do If You’re Scammed
Immediate Actions
1️⃣ Report to Binance
Provide all evidence, including payment proofs and chat logs, to Binance Support.
2️⃣ Contact Your Bank
Dispute the scammer's chargeback claim with your transaction history and Binance receipts.
3️⃣ Alert Cybercrime Units
In many countries, crypto-related scams can be reported to authorities like the Federal Cybercrime Investigation Department (FCID).
---
🛡️ Pro Tips for Safe P2P Trading
Stick to Smaller Trades: Avoid large transactions in a single trade; split them into smaller, manageable amounts.
Wait for Payment Clearance: Ensure funds are fully cleared before releasing your crypto.
Stay Informed: Regularly review Binance’s Security Tips and community updates for the latest advice.
---
🚀 Let’s Build a Safer Crypto Community
Fraudsters like BajwaTraders786 erode trust in the crypto ecosystem. By spreading awareness and following safety measures, we can protect ourselves and make Binance a secure platform for trading.
📢 Share This Alert
Share this post widely to educate others and prevent similar scams. Together, we can stop scammers from taking advantage of honest traders.
#COSSocialFiRevolution #BTCBreaks100K? #ETHPriceSurge #BTC100KToday? #Write2Earn!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
62
0