Watch Out for Reversed P2P Scams in Pakistan – Safeguard Your Crypto & Cash!

Scammers are taking advantage of bank chargebacks to trap P2P crypto sellers—and it’s causing major losses. Here’s the scam breakdown and tips to protect yourself:

How This Scam Works:

1️⃣ Scammers buy crypto from you on Binance P2P and get it instantly.

2️⃣ They then file a fake dispute with their bank, claiming the payment was “unauthorized” or an “accidental transfer.”

3️⃣ The bank responds by freezing both their account and yours!

4️⃣ Due to strict anti-money laundering (AML) policies, linked bank accounts get locked, leaving your funds frozen for months.

Why Pakistan Is Especially at Risk:

🚫 No clear crypto regulations means no proper protections for sellers.

🏦 Banks usually side with fiat payment disputes, ignoring your crypto transaction evidence.

🔍 Recent crackdowns on crypto fraud have made banks even more cautious—and aggressive.

How to Protect Yourself:

✅ Trade only with verified users who have 100+ completed trades and over 95% positive ratings. Avoid new or suspicious accounts.

✅ Use a dedicated bank account solely for P2P trades to keep your personal funds separate.

✅ Withdraw your funds immediately once your crypto is confirmed—transfer to a cold wallet or unrelated account right away.

✅ Keep detailed records of every screenshot, payment receipt, and chat—documentation is your strongest defense.

⚠️ Remember: Pakistan’s crypto legal environment is still unclear. If your account is frozen, unlocking it could take months. Don’t let scammers hold your money hostage!

Stay vigilant. Trade smart. Protect your crypto future.

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