$ETH new scam is making the rounds on the Binance P2P platform. Scammers are buying USDT or other cryptocurrencies and sending payment before the crypto is released. Once the seller confirms receipt and releases the crypto, the scammer files a payment reversal with their bank. This leaves the seller with no crypto and no money.

This tactic is mainly targeting new or inexperienced users. Protect yourself by following these tips:

Trade only with verified buyers

Confirm payment using your bank’s official app or SMS alerts