Fellow Pakistani traders, I want to share a scam that happened to me 2 months ago to help you avoid the same trap.

What Happened to Me:

I successfully sold USDT via P2P and received payment in my Meezan Bank account. Everything seemed normal until I tried to withdraw cash from ATM - it showed “insufficient funds” despite my banking app showing the money was there.

When I called the bank, they told me the shocking truth: the sender had filed a complaint claiming the transaction was done “by mistake” and my funds were blocked until the complaint is withdrawn.

The Scam Chain:

I contacted the P2P buyer, and guess what? He was facing the SAME issue! He told me this is a “chain of many people involved” - meaning this is an organized scam network targeting multiple victims simultaneously.

How This Scam Works:

  1. Scammer buys USDT from you via P2P

  2. Pays from a bank account (often stolen/compromised)

  3. After receiving USDT, files complaint with bank claiming “mistaken transfer”

  4. Your funds get blocked while they keep the USDT

  5. Creates a chain reaction affecting multiple traders

Red Flags to Watch:

  • Unusually eager buyers offering above market rates

  • Payment from accounts with different names

  • Immediate complaints after successful trades

  • Buyers who seem nervous or rush the process

How to Protect Yourself:

✅ Only trade with verified merchants with high completion rates

✅ Check buyer’s trade history and feedback carefully

✅ Screenshot all communications during trade

✅ Keep trade records for at least 3 months

✅ Be suspicious of deals that seem too good to be true

✅ Consider using multiple smaller transactions instead of large ones

My Advice:

This scam is becoming common in Pakistan’s P2P market. The scammers are getting smarter and targeting honest traders like us. Always prioritize safety over quick profits.

Remember: In P2P trading, if something feels off, trust your instincts and cancel the trade.

Stay safe and trade wisely! 🛡️

#ScamAlert #CryptoSafety #P2PScam #BinanceSquare #CryptoAwareness

Have you faced similar issues? Share your experience in comments to help fellow traders stay alert.

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