AmmadIshtiaq

A recent case shows how risky P2P trading can be — one trader lost Rs. 264,000 in just a single transaction.

Here’s what happened:
The trader sold USDT$BTC worth Rs. 264k to a merchant who was “verified” on Binance$ETH . Payment was received, the deal was marked complete, and everything seemed fine. But within an hour, the trader’s bank account got frozen and the payment was reported as disputed.

When the seller tried to contact the buyer, the buyer stopped answering calls and only replied on WhatsApp with one line: “This is a chain dispute.” Later, the bank (OPM) confirmed that the 264k payment was under dispute.

Steps already taken by the victim:
✅ Application submitted to the bank
✅ Issue reported to Binance
✅ Gathered all evidence (buyer’s CNIC, payment slip, WhatsApp chat, Binance$ trade receipt)
But here’s the problem — Binance$ETH
insists on official proof from the bank, which in Pakistan is very difficult to obtain.
👉 Now the trader is stuck wondering: Should they register an FIR with FIA cybercrime, or keep following up with Binance using the evidence already collected?
Lesson for everyone: Even “verified” merchants can be part of scams. Always stay cautious when using P2P in Pakistan.
#ScamAlert #BİNANCE P2P #CryptoSafety