Hey Everyone, #P2PScamWarning
I wanted to share a concerning experience about scams that seem to be targeting P2P trades lately. On August 26, 2024, I completed a P2P sale. The buyer transferred the fiat payment, and after confirming the funds in my bank account, I released the USDT to them. Everything seemed smooth – until two days later when I discovered a portion of my funds had been unexpectedly frozen.
Feeling blindsided, I reached out to my bank's customer service, only to learn that the freeze was due to a cyber-crime complaint. Unfortunately, they couldn’t provide any further information, such as who filed the complaint or other specifics. With no real guidance from the bank, I began retracing my recent transactions and identified the P2P trade I’d completed on Binance as the likely cause. After examining the buyer’s profile, I noticed that others had faced similar account freezes after dealing with the same buyer.
My funds remain frozen with no timeline on when – or even if – they’ll be accessible again. It seems some people may be exploiting the P2P system, filing complaints on fiat transactions, and even attempting chargebacks after receiving crypto. These incidents highlight the importance of vetting users carefully before committing to any P2P trade.
I urge Binance to look into these types of fraudulent activities and implement a more robust solution to protect users from these scams. If anyone else has experienced a similar issue, please share how you managed to unfreeze your funds. Your insights would be invaluable to anyone facing the same challenge.
