🚨 I TRIED ARBITRAGE … AND GOT BURNED ” 💸
This one’s for the beginners chasing quick profits.
In January, I spotted a price gap between Binance and a local P2P platform.
USDT was ~$1.03 locally vs ~$1.00 on Binance.
Easy money, right?
I bought $3,750 on Binance to sell on the other platform.
But I didn’t know:
⛔ The buyer on the local app was flagged for stolen funds
⛔ His payment came from a hacked account
⛔ The police were already tracking him
Two days later… I got contacted.
Then my bank account got frozen as part of an investigation.
I lost both the USDT and my bank access for 3 months.
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💡 The Lesson: Fast profit isn’t always clean profit
Know who you’re trading with
And don’t chase arbitrage unless you know the risks
#CryptoArbitrage #crypto #bnb #CryptoRoundTableRemarks $USDC