🚨 Binance Trading Fraud Alert — P2P Edition
Scammers are getting smarter, especially on Binance P2P. Here’s how they trick traders — and how you can stay safe.
1️⃣ COMMON SCAM TYPES
A) Fake Payment Proof
How it works: You sell USDT on Binance P2P. Buyer sends a fake bank transfer screenshot — but no money actually arrives. If you release crypto without checking, it’s gone.
Example: Buyer “shows” PKR 50,000 sent to you. Your account balance stays the same.
Stay Safe: Always check your bank, not just screenshots. Communicate only in Binance chat (for dispute records).
B) Chargeback Scam
How it works: Buyer uses a reversible payment method (PayPal, credit card). After you release USDT, they reverse the payment.
Example: They claim an “unauthorized PayPal transaction” — you lose cash and crypto.
Stay Safe: Avoid reversible payment options. Prefer verified direct bank transfers.
C) Off-Platform Deals
How it works: Buyer offers a “better price” on WhatsApp/Telegram. You send crypto; they vanish.
Example: You trade outside Binance — buyer blocks you after receiving USDT.
Stay Safe: Never trade outside Binance escrow.
D) Overpayment Trap
How it works: Buyer “accidentally” sends extra money. Requests a refund, but their original payment later gets reversed.
Example: You sell for PKR 50K, they send 70K and ask for 20K back. Bank reverses the 70K — you’re down 20K.
Stay Safe: Don’t refund until funds are confirmed genuine and irreversible. Contact Binance Support for overpayment issues.
E) Phishing & Account Takeover
How it works: Fake Binance emails or login pages steal your credentials.
Example: Email says: “Your account is at risk, click here to secure it.” Link is fake.
Stay Safe: Always check URL is binance.com. Use Google Authenticator 2FA. Never click unknown links.
F) Pump & Dump Groups
How it works: Groups hype coins to pump prices. Insiders sell at the top — price crashes.
Example: Buy at $1.50, drops to $0.30 within minutes.
Stay Safe: Ignore hype & “secret signals.” Do your own research.#USFedBTCReserve