P2P trading in Pakistan is experiencing a surge in scams, with fraudulent buyers targeting local bank accounts. As cryptocurrency trading gains popularity, scammers are exploiting the system, putting innocent sellers at risk.
HOW THESE SCAMS WORK
1. FAKE BUYERS INITIATE P2P TRANSACTIONS
Scammers posing as buyers make payments to the sellerâs bank account.
The seller, believing the transaction is legitimate, transfers USDT to the buyerâs Binance wallet.
2. FALSE BANK CLAIMS LEAD TO ACCOUNT FREEZES
Once the trade is completed, the scammer files a complaint with their bank, falsely claiming the payment was made by mistake.
The bank, often without proper investigation, freezes the sellerâs account, leaving them unable to access their funds.
Scammers use this tactic to purchase USDT via P2P transactions, only to fraudulently claim a mistake and freeze the sellerâs bank account.
Disclaimer: Includes third-party opinions. No financial advice. Sponsored content may be present.
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