đ¨ New P2P Scam Tactic on the Rise â Stay Protected in Every Trade
A concerning trend has emerged within peer-to-peer (P2P) crypto transactions, especially on platforms like Binance. Scammers are now exploiting a deceptive method where they initiate a transfer of funds for USDT or other cryptocurrencies and prompt the seller to confirm the transaction. However, after the confirmation, these fraudsters submit a reversal request through their bankâretrieving their funds while your crypto has already been released. The result? You lose your digital assets, and the payment never truly settles.
Whoâs at Risk and How It Works:
This scheme particularly targets newcomers or less-experienced users who may be unfamiliar with banking protocols and P2P procedures. The fraudsters often pose as urgent buyers, offering attractive prices to create a false sense of opportunity. Once the seller releases the crypto, the scammer leverages loopholes in traditional banking systems to reverse the transaction, effectively stealing funds under the guise of a legitimate trade.
How to Stay Safe During P2P Transactions:
Always verify buyer status â Trade only with fully verified users with positive histories.
Double-check the payment â Donât rely solely on SMS. Confirm through your official banking app or online statement before releasing assets.
Be cautious of urgency or unrealistic offers â Scammers often create false pressure to rush decisions.
Avoid sharing personal or external contact information during the transaction process. All communication should remain on-platform.
Utilize Binanceâs âAppealâ function if anything seems suspiciousânever finalize a deal out of fear or confusion.
Final Word: Protect Yourself and the Community
Remaining calm and vigilant during every P2P interaction is essential. A single mistake can lead to irreversible losses. Take your time, verify every step, and report any suspicious behavior immediately.
