When selling in P2p make sure you send from bank account associated to your CEX.

[CryptoHeadlineNews]

My question is what do you think the brother should do now? as after 48hrs they may cancel the order as unsuccessful trad. Will the asset be returned to the seller?

At this stage, only the seller can assist him; paying through a third party is discouraged because not all vendors accept it for security reasons.If the vendor is not interested, his best option is to return the money, but not everyone has such a heart. If the transaction is disputed, the p2p mediator is likely to cancel the trade and suspend your brother's account. Sending or receiving payments in a third-party account is prohibited in P2P marketplace.

If the money is a stolen funds, the seller is already leaked to the crime - your brother broke the rules and should deal with it.

Edit: Charles-Tim beat me to it...

You actually spoke very well my chairman, and I won't blame the seller for claiming to have not seen the money after it was paid with a third party account, because that's how kidnappers do, and if you are not careful, you end up getting yourself into one big wahala. Because this very case just remind of what happened 2 weeks ago, about how a P.O.S agent in my area was arrested for been connected for kidnapping case, after he was trace as the end receiver of a money paid as ransom for a kidnapped victim.
So I think this should be a lesson to all of us, most especially our newbie crypto enthusiast in the house to always stick to using only registered accounts on our p2p dashboard.

[CryptopreneurBrainboss]

He shouldn't report to the authorities as he may end up spending more than that amount, looking for some random random stranger he met online. I've gone through Bybit Advertisers agreement and advertise behavior.

Him no dey track the person, him just dey report that particular transaction for fraudulent activity and if him follow am up well the account can be flagged and requiring the other user to come clear him account. Everything boils down to how him want deal with the person sha. He won't have to spend much because you have an account supervisor that you can speak with or customer care self on the phone can fill a complaint appeal before you go bank go complete am but your account will likely get closed including that of the other part.

Before you go do anytime sha you suppose dun move your money go an unrelated account because for breaking the CNN laws of participating in foreign exchange through your account, it is going to get blocked including that of the buyer if you carry better prove go bank. This one na just to punish the person so at least next time him no go try am (this is if he was a scammer) but I think everything is good now because of this reply below;

Am glad that the guy has responded and has decided to release the asset. Just like all of you have said he was trying to be safe with whomever he is transacting with that's why he delayed.

[Igebotz]

He shouldn't report to the authorities as he may end up spending more than that amount, looking for some random random stranger he met online. I've gone through Bybit Advertisers agreement and advertise behavior.

Him no dey track the person, him just dey report that particular transaction for fraudulent activity and if him follow am up well the account can be flagged and requiring the other user to come clear him account. Everything boils down to how him want deal with the person sha. He won't have to spend much because you have an account supervisor that you can speak with or customer care self on the phone can fill a complaint appeal before you go bank go complete am but your account will likely get closed including that of the other part.

Dealing with the same bank as your receiver is easier; both accounts will be restricted while the investigation is ongoing; however, if it is a third-party bank, the process for getting that money will take some time because, after reporting to the bank fraud department, you will still need to file a police investigation report. When you submit a fraud report, there is a chance that you will never receive your money back and will be saddled with police movement expenses.

The best solution is to settle it amicably, even if it means receiving some of your money back. as I quoted in my last post unlike other exchanges, Bybit do not encourage Advertiser keeping a third party payment - if you're not dealing, return the funds back to the sender, failure to do this would cause you 24hrs ban for first attempt.

[CryptopreneurBrainboss]

Dealing with the same bank as your receiver is easier; both accounts will be restricted while the investigation is ongoing; however, if it is a third-party bank, the process for getting that money will take some time because, after reporting to the bank fraud department, you will still need to file a police investigation report.

Everything depends on you and how determined you're to solve your problem as in this country money solves everything, you can do all this within a week and get the account restricted. Already reporting the case as a crypto transactions puts the account on a high alert. Banks don't joke with crypto reported transactions because if they do CBN will be on their neck and can revolve their license or a big fine. If you want the punish the scammers what's stops you from going the extra miles and following up the report bumper yo bumper unti the user gets apprehended.

The best solution is to settle it amicably, even if it means receiving some of your money back.

When he isn't a scammer this is the step to follow but when dealing with a scammer you don't settle things amicably or you'll be taken as the fool and get stepped on. Scammers need to be pushed to the wall, when they see that you don't mind going extra miles they are they ones that'll succumb. Worst case scenario you lose the money but he gets punished for trying to reap you but in this case, the merchant wasn't a scammer but was only trying to be cautious.

[MainIbem]

I feel pity for the stress he'll go through with the customer service of that exchange cause most atimes, they're too busy or not able to handle customers report accurately, however people should learn to read or obey simple instructions given by a platform cause if you go against the rules you'll definitely suffer the consequences, in that  image above you'll see that when you want to put a payment method during P2P their's always an indication by most exchanges that people should ensure to utilize an account that's registered under your real name to ensure a successful transfer and if that brother had come across such instructions and still went ahead to break the rules then it's definitely his fault, cause he only gave the vendor an opportunity to scam him, he would've saved himself the unnecessary if only he followed simple instructions. Well, our able moderator have said it all, I just hope that brother would be able to recover his money.