Please Regulate Cryptocurrency trading in Pakistan , p2p is full of scams . @Binance Customer Support
BNB
931.58
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🚨 Reversed P2P Scams in Pakistan – Protect Your Funds!
Fraudsters are exploiting bank chargebacks in P2P trades:
1. They buy crypto, receive it, then falsely report the transaction as "unauthorized" to their bank.
2. Banks freeze **both** your account and theirs, disrupting your finances.
3. Linked accounts may also be blocked due to AML protocols .
🛡️ Quick Safety Tips:
- Trade only with verified partners (check ratings/reviews).
- Use a dedicated bank account for P2P to isolate risks.
- Withdraw funds immediately after confirmation.
- Document everything: Screenshots, payment proofs, chat logs . ⚠️ Remember: Crypto’s legal status in Pakistan is evolving. A frozen account could take months to resolve .
Comprehensive Guide
How Reversed P2P Scams Work
1.The Setup: Scammers pose as buyers on Binance P2P, often offering inflated rates to lure sellers.
2. The Fraud: After receiving crypto, they contact their bank to reverse the payment, claiming:
- "Unauthorized transaction" (e.g., stolen card).
- "Mistaken transfer" (exploiting bank policies) .
3. The Fallout: Banks freeze all linked accounts under anti-fraud measures, including yours, even if you’re innocent .
Why Pakistan Is High-Risk
- Regulatory Gaps: Crypto trades lack legal safeguards, leaving users vulnerable to arbitrary freezes .
- Bank Policies: Pakistani banks often side with fiat claimants, ignoring crypto transaction proofs .
- AML Risks: Recent crackdowns on crypto-related fraud (e.g., $100M scams) have made banks hyper-vigilant .
Proactive Protection Strategies
1. Verify Counterparties:
- Trade only with users having 100+ completed trades and 95%+ positive ratings.
- Avoid new accounts or those with inconsistent names (e.g., bank account name ≠ Binance profile) .
2. Isolate Financial R:
- Use a separate bank account exclusively for P2P. Never link primary savings/salary accounts.
- Withdraw P2P proceeds to a cold wallet or unrelated account immediately.
#CryptoPakistan #P2PScam #BinanceSafety
Fraudsters are exploiting bank chargebacks in P2P trades:
1. They buy crypto, receive it, then falsely report the transaction as "unauthorized" to their bank.
2. Banks freeze **both** your account and theirs, disrupting your finances.
3. Linked accounts may also be blocked due to AML protocols .
🛡️ Quick Safety Tips:
- Trade only with verified partners (check ratings/reviews).
- Use a dedicated bank account for P2P to isolate risks.
- Withdraw funds immediately after confirmation.
- Document everything: Screenshots, payment proofs, chat logs . ⚠️ Remember: Crypto’s legal status in Pakistan is evolving. A frozen account could take months to resolve .
Comprehensive Guide
How Reversed P2P Scams Work
1.The Setup: Scammers pose as buyers on Binance P2P, often offering inflated rates to lure sellers.
2. The Fraud: After receiving crypto, they contact their bank to reverse the payment, claiming:
- "Unauthorized transaction" (e.g., stolen card).
- "Mistaken transfer" (exploiting bank policies) .
3. The Fallout: Banks freeze all linked accounts under anti-fraud measures, including yours, even if you’re innocent .
Why Pakistan Is High-Risk
- Regulatory Gaps: Crypto trades lack legal safeguards, leaving users vulnerable to arbitrary freezes .
- Bank Policies: Pakistani banks often side with fiat claimants, ignoring crypto transaction proofs .
- AML Risks: Recent crackdowns on crypto-related fraud (e.g., $100M scams) have made banks hyper-vigilant .
Proactive Protection Strategies
1. Verify Counterparties:
- Trade only with users having 100+ completed trades and 95%+ positive ratings.
- Avoid new accounts or those with inconsistent names (e.g., bank account name ≠ Binance profile) .
2. Isolate Financial R:
- Use a separate bank account exclusively for P2P. Never link primary savings/salary accounts.
- Withdraw P2P proceeds to a cold wallet or unrelated account immediately.
#CryptoPakistan #P2PScam #BinanceSafety
إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
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