Fraud on eBay: 47-year-old resident of Tallinn lost €315,000 for a 'dream car' 😳
A 47-year-old resident of Tallinn paid over €300,000 as a down payment for a Porsche car offered through the eBay platform, but did not receive either the car or a refund.
According to a report filed with the police, the car sale advertisement was posted on the platform by someone who allegedly represented a German company.
However, after making a down payment of €315,000, the car was not delivered to the buyer.
The story shows that even on large platforms like eBay, no one is insured against losing funds.
In the crypto world, the situation is similar: thousands of people make transfers daily, trusting advertisements and promises, but only reliable platforms with transparent protection mechanisms truly ensure security.
Binance implements KYC, a SAFU fund, and multi-layered protection to prevent exactly such scenarios—where money disappears, and getting it back is nearly impossible.
What do you think: can we ever completely eliminate the human factor and fraud on financial platforms?