Let’s break down how sellers attempt to scam buyers.
First, a seller posts an advertisement featuring an attractive price with a small amount. The low price entices many buyers to place orders.
Once the buyers pay, the seller releases the asset. Here’s where the scam begins:
After releasing the asset, the seller sends a message saying, “If you want more USDT at this great price, please contact me on Telegram or WhatsApp.”
Enticed by the low price, buyers often connect via these third-party messaging apps. The seller claims they can’t deal with Binance due to tax regulations, suggesting that buyers pay directly to their account so they can transfer the asset to the buyer’s Binance address.
Many buyers are unaware of this scam, and they end up making the payment. Afterward, the seller blocks them on all platforms.
Important to Note:
- Binance will not assist because the transaction was not made through their platform.
Key Takeaways:
1. Never connect via third-party messaging apps.
2. Once payment is made, do not cancel the order.
3. Never send payments to a third-party account.
Stay safe and informed!
