Caution: P2P Fraud — Real Cases and Warning Signs to Watch Out For

Friends, please exercise maximum caution when conducting P2P transactions.
In this post, I will discuss schemes related to the use of fake escrow accounts, intentional delays in providing details to force order cancellations, and many other fraud schemes. This post will be useful not only for those viewing listings but also for makers.

Below are the most common malicious schemes:

1) Fraud with "escrow account" and forged proof of payment. Malicious actors may ask you to confirm an order on the premise that, after confirmation, assets will be transferred to the exchange’s escrow account or wallet, and only then will the fiat funds be transferred to your bank account.
Malicious actors may also send fake messages from supposedly support (, adding emojis and fonts like "⚠️Support" or "Assistant P2P ✅") before each message.
In reality, this is a scam. Never confirm an order before the fiat funds arrive in your bank account, and do not rely on screenshots, payment receipts, SMS about false account top-ups, or pressure from the counterparty. Always verify your personal bank account before releasing assets.

2) "Triangle" scam scheme
In this type of scam, three parties are involved in the transaction: the P2P trader, the victim, and, of course, the scammer. The scammer looks for victims outside the exchange and, under fraudulent pretenses, asks to transfer fiat funds to you.
How to avoid this scam:
- Conduct transactions only with people using personal cards.
- Do not accept payments from third parties.
- The name on the exchange must match the name on the bank account.
If you are paid from a different name that does not match the name on the exchange, you can initiate an appeal process.

3) Conduct transactions exclusively within the platform.
Scammers may ask you to move the dialogue outside the platform ( mainly to Telegram ) for conducting P2P deals.
After payment is made, messages are irreversibly deleted, and a claim of non-receipt of payment is filed.
If you need to communicate with the counterparty, make sure all communication takes place only in the P2P order chat on the platform.
The exchange is not responsible for any losses resulting from transactions outside the platform.

4) Additional fee collection or fake listing prices.
Malicious actors post listings at high rates and, in the listing conditions or P2P order chat, claim that a fee applies to your order or ask you to enter a listing with a lower rate.
Do not fall for the counterparty’s tricks.
If you receive an amount less than specified in the order or are asked to switch to another listing, you can initiate an appeal process.

5) Delay in providing details
Malicious actors do not specify payment details and ask you to wait for them in the chat.
They only send details when the timer is about to expire so you don’t have enough time to pay.
How to avoid this:
- Do not pay if there is little time left to complete the order.
- It’s better to cancel the order.

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