Alert: Latest P2P Scam

[EarnOnVictor]

Guys, be vigilant while conducting a P2P transaction, no amount is too little to be scammed.

The lastest scam in town is shortpaying you in the guise of a mistake. For instance, if you order to exchange your USDT to get ₦84,000, some fraudulent guys will pay you ₦80,400 instead, and for ₦95,000, they might pay you ₦90,500. If you contact them before releasing the coin, they will cite a mistake and complete the shortfall. I never gave it much thought until it happened to me in 2 out of my last 3 P2P transactions. The last one didn't even state any reason nor apologise but later added the shortfall when I didn't release the coin, it's their pattern now.

What if you didn't pay attention? What if you were intoxicated or just being hyper? What if it's an emergency, especially medical? etc. Let's be careful!

Now, I need to say this: The ugliest and the most annoying part is that all the names that wanted to defraud me recently and those who have ever attempted to defraud me in P2P over the years are all identified with the eastern part of the country. Some of these guys had over 250,000 USDT, which means they are not poor.

What can I say, than urge them to be good ambassadors of their country.

[Charles-Tim]

This is about money. We should expect some people to try all possible means to cheat or scam with P2P.

Some people have reported on this forum on a thread that something similar is happening to them on Bybit. You will message the buyer and the buyer will tell you that  P2P is not profitable for them at the moment or something and ask you if they should send the remaining amount.

But this is kind of different and it is a complete scam as the buyer sends an amount similar to the amount of coins you wants to sell. Thinking the person will not know and that is just a scam.

[Felicity_Tide]

Guys, be vigilant while conducting a P2P transaction, no amount is too little to be scammed.

The lastest scam in town is shortpaying you in the guise of a mistake. For instance, if you order to exchange your USDT to get ₦84,000, some fraudulent guys will pay you ₦80,400 instead, and for ₦95,000, they might pay you ₦90,500. If you contact them before releasing the coin, they will cite a mistake and complete the shortfall. I never gave it much thought until it happened to me in 2 out of my last 3 P2P transactions. The last one didn't even state any reason nor apologise but later added the shortfall when I didn't release the coin, it's their pattern now.

I understand that some people are being careful, especially with the figures they transfer so as to avoid the eagle eye(you know what I mean) , but In this case where the amount are quite massive, it is clearly a case of scam attempts. For someone like me that don't bother checking my balance, but only proceed to release the coin after seeing a credit notification, I still take my time to check that notification and match it with what the exchange has evaluated at that moment. Which is unlike some people that just make a move after getting notified, without even checking if the amount tallies.

I witnessed something similar not too long, though the amount wasn't that significant, but I noticed, and had to notify the buyer that "170 isn't a bad figure", which he understood, because he sent 150(i.e around 8,150). I understand that these merchants are trying to protect themselves, but some of them are taking it too far.

What if you didn't pay attention? What if you were intoxicated or just being hyper? What if it's an emergency, especially medical? etc. Let's be careful!

Well, if you don't pay attention to little details, like figures in transactions, then scammers will take full advantage.

Now, I need to say this: The ugliest and the most annoying part is that all the names that wanted to defraud me recently and those who have ever attempted to defraud me in P2P over the years are all identified with the eastern part of the country. Some of these guys had over 250,000 USDT, which means they are not poor.

Well, I don't use bybit, so I can't really tell who the majority of these scammers are. But all I know is that, the scamming rate in Bybit is just too high. This proves that the people around us can have almost everything in the world, and still want to have the little that others are trying to manage. They are not in any way different from those that are in power. How about you share a screenshot of the names of those that has attempted to scam you. I think it will be helpful for Bybit users.

[Marykeller]

When it comes to crypto transactions, no amount is too small to leave for a scammer who claims to be given a good offer in their p2p transaction, while they intentionally deduct the correct amount that is supposed to be paid to you, and expect you release as planned.

What you just explained that happened to you has happened to me in the past, up to three times with a particular merchant, but not with the said amount of thousands it was hundreds of naira, like 500 naira. But before he tries that with me, he normally tells me about it, to consider that the little amount he is to deduct from me, as for paid advert. He pays for having his p2p merchant promote on Bybit exchange. I know it's all lies anyway, but due to not having that time to exchange words with him, I have to tell him to send it like that.

It was when I noticed it had become a normal format for him to steal from people as little money as that. I had to mark him bad, not to ever trade my usdt with him again.

In your own case, no explanation can be accepted in this kind of situation. How can you deduct more than a thousand from someone, expecting them to release their coin for you? That's stealing, and it is unacceptable.

There's a proverb I know that says "dem no d collect from peso wey d find money". You no fit make am, come d find how to collect people wey I never make am, and you expect them to be quiet. It's not done nah

[Hatchy]

It's still p2p and we all have to be careful when having a transaction with these vendors. There are more of scammers than honest vendors there on these exchanges. The p2p is supposed to protect the transactions from violation of contract on one end, but if one is not very careful you will still end up getting scammed.

The issue here from op has happened to me before but then I held my coins and asked for completion. Mine was that the vendor told me that price had drop during the transaction but that wasn't my concern as we had a contract and he was going to violate it. Like they will say, shine your eyes well.. so you don't fall for these common scams.

[SuperBitMan]

Person been done post about this kind thing here some time ago when I been see that one I con dey more careful and one day same thing happened to me for this Bybit P2P the money way the person send me no reach the money way I suppose get I con send the buyer message con tell am say if en no send me my full money I no go release coin na so en con say na mistake say make I no vex, all this things way them dey do na on purpose and no be mistake they done use am scam some people way no they enlightened about this thing way they happen.
Abeg make everybody they very careful if you dey do this P2P for Bybit before you go release coin make sure say your money complete some of all this buyer go take 1k or 2k from your money and if you dey always release coin when them do you am them go continue to they do am so abeg even if na 1k no release coin tell them to send you your money na your money be that no be there money, I know no why some people go dey get joy to scam another person.

[Gozie51]

You did well by sharing this experience and that is a smart way to scam someone. Some guys are so crafty and desperate that no matter how small the amount they want to get in the scam, they don't care so long they deprive you of it. Using figures similar to what amount that is expected just to confuse you and once you send the coin scam is complete.

This is the reason that we always have to recheck how much we are expecting and how much exactly was delivered. If Op wasn't vigilant about the figures expected, the rest would have been story. Therefore, checking to be sure all is complete is better than being hasty. This also is applicable to our physical transactions, if you go to stores, after payment ensure that what items packed for you is complete as what you paid for.

[Cryptohygenic]

Wetin u talk na true but no be say the update na new one but onto say our eyes don dey settle down on how various ways scammers dey take operate in legitimate and illegitimate disguise.
And using the example of the #95,000 way dem supposed pay u via the value of ur exchange, why the scammer go pay you #9,500 na because the value in number look alike if u no bring ur eyes down well. U go just think say na the actual amount dem sent u and den u now go go release the coin for dem and by then, water go don pass garri.
If paraventurely u catch dem on the act, dem go appeal to u say na mistake onto say the number been actually look the same just so that u no go file appeal cases on dem.

[SmartGold01]

I could have posted my experience last week but I didn't though it was a minor one but we also need to be vigilant as well because when trading on p2p some smartness need to be activated to remain untouched. Last when I traded on p2p it was meant to be 98,539 thousand Naira on bybit p2p, the guy inbox me and started to say that he mistakenly placed the buy order away higher from the market price I mean; him price dey high above everyone selling NGNusdt and for that he wouldn't pay me complete that he wouldn't mind deducting 1.5k from total payment, I was like how do you mean, he apologize to deduct such amount what I did was to asked him to cancel trade so I look for other serious trader and he refuses after much pleading I decided to let him pay 98.000 instead of 98.539. He now took 539 naria from me. Now I have mark people with low trading volume a no go zone.

[Kelward]

Thanks for enlightening us about your experience for di hands of these scammers, person wey no de vigilant na so dem go steal from am. Anytime wey I de do transactions online I de always carry for mind say di person fit to be a scammer and di mindset de help me to de extra vigilant. I don hear about many people experience and I de always learn from their mistakes or how dem take escape from di criminals. Person wey you de see face to face go scam you talk less of di one wey you no de see physically, abeg make we no de take chances for everything wey concern internet because scammers and hackers plenty for inside.

[Doan9269]

This same thing has happened to me before on two different occasions and i thank God i never fall a victim, instead i was able to address the situation and got my fund back, i will discuss on the two occasions below for us to know how serious and desperate things like this could be or happened.

1. The first experience was when i placed an order to sell, then the buyer make an incomplete payment just as you have in your own case too, but thank God i quickly noticed the trick used and i didn't confirm his payment, then reach our to him that he made an incomplete payment, then he sent the money complete and i confirm it, now here is were the warning lies, you are going to receive an alert with a similar figure and if you don't confirm to check the exact figures to be completed be confirmation, they have scammed you.

2, On the second occasion, i already confirmed the payment before knowing the money was incomplete, then i reach out to the buyer and chatted him to complete his payment or i report his account to the security team, he was not online while i was sending him all these and my thought was that i have already lost the whole money because it was #9,000 until i later saw him online telling me he made the mistake unaware and very sorry, then i resend him my account number and he then complete the payment, guys please let us always confirm for the figures and not work on assumption to accept because we are told they have made the payment and we need to release.

[Lida93]

Guys, be vigilant while conducting a P2P transaction, no amount is too little to be scammed.

The lastest scam in town is shortpaying you in the guise of a mistake. For instance, if you order to exchange your USDT to get ₦84,000, some fraudulent guys will pay you ₦80,400 instead, and for ₦95,000, they might pay you ₦90,500. If you contact them before releasing the coin, they will cite a mistake and complete the shortfall. I never gave it much thought until it happened to me in 2 out of my last 3 P2P transactions. The last one didn't even state any reason nor apologise but later added the shortfall when I didn't release the coin, it's their pattern now.

I have fallen to this scam this year just ones and before I could notice it I have sent coins already and since it wasn't really an amount to juggle myself about I just let it slide and henceforth started been careful making sure to crosscheck the figures in their correct numbers before releasing coins.

Though I contacted the scammer on the P2P chatbox about the shortage just to be sure it wasn't a mistaken act but he never replied till now. That was when I came to a conclusion it was a deliberate deed. I was hoping someone would have similar experience and bring it here and alas you did. Good one.

[Belarge]

These scammers are not here to play and this is the second thread I am seeing about this very type of scam and I really have to be very careful when next I’m dealing with these p2p agents but it seems these type of scam is more common among the bybit p2p agents because I have not really noticed this in other exchanges but at some point, I just felt cheated that, I might have been scammed at some point but I don’t have to regret but rather I will be more careful and very conscious about my trades on p2p.
Thank you op for bringing this to our notice again.

[HajiBagi]

This kind thing don Dey happen in P2P now no be today and if this kind thing happen na people wey no smart and people wey no Dey look their account balance and see waiting the person send e go affect, because no matter how e be you go make sure say you receive money for your Aza before you release your coin and if the money no complete no release the coin until the buyer balance and I believe say if you no release the coin and you tell the person to balance you the person must balance you because you never release the coin.

All this things Dey happened and if e never happen for you before then you have to be careful and be smart whenever you Dey do p2p transaction, na online things e be and if he don happen e don happen be that because you will not see them again so before they scammed you make sure you get waiting go make them pay all your money, the life wey we Dey live now na to open your eyes.

[CryptSafe]

 I have had this similar experience in the past were a vendor short paid me but I didn't bother I kept him waiting till he dropped a message demanding for the release of his coin then I told him to check for himself how much he paid me and how much was there for him to pay complete them he threatened to report I told him to go ahead that I am waiting for him to report that I have evidence and I will start uploading it for the admin to see and he said we can resolve it that it was a mistake from his end and immediately he made the complete payment before I release his coin. It took us time because he was delaying thinking I would release his the coin bit I never did that.

It is unfortunate that it is the same observations OP made that I made too and I wonder what bybit is doing about this whole thing because I believe people must have complained to them about this new strategy used by these scammers and yet no actions taken to salvage the situation.

[Amphenomenon]

Now, I need to say this: The ugliest and the most annoying part is that all the names that wanted to defraud me recently and those who have ever attempted to defraud me in P2P over the years are all identified with the eastern part of the country. Some of these guys had over 250,000 USDT, which means they are not poor.

What can I say, than urge them to be good ambassadors of their country.

Ironic fact is that scammers are often not poor or average, they also need such amount fir the trust. There's a feeling people often get that the rich won't scam and that's a big lie. Never let your guard down especially when it deals with finance or assets.

This is another reason why we need to be careful of p2p, scammers will always be innovative, we need to be careful and hopefully not fall victim of anyone. While bybit has been the most common for all this thanks to their poor customer service at p2p and more people using it, we also need to be careful at every p2p centre's.

While the scam might vary, local exchange p2p scam or the likes is often different from this, it's still a scam by which we may lose our funds.

[Salahmu]

We have had a lot of discussion here about this people who are using vendors to get sellers, so actually in P2P the most populated there is the South West region of the country and they are the ones I have seen more trustworthy than every other side, though I don't no if you have encounter the same thing as I do with them, so because of transparency I usually take an order I no they are the ones because from what you said if is someone who doesn't pay attention they will be ready to cut the money and block you from reaching them, however after you collected the complete money you should have reported him to the platform, even if they did not take it serious but when few other persons complain the same thing he might get a suspension from the platform, there is no were somebody will not see scammers. For those who regularly visit there why not just have someone you no is very reliable and only sell or buys from them because that is the safest than using different vendors.

[Odusko]

For me I don't see this technique as a new way of cheating p2p sellers, and in as much as there is a crisis of price stability in the dollar to naira, everyone is trying to make profits off the seller, this is why we need to be very careful with figures and which price we accept to sell our dollar, most of this vendors have multiple tactics some even go as far as posting fake high price ads but when you click sell you will see a notification that states that price has changed and when if you don't check very well and you go ahead with the order without checking the new price, you will be selling at a lower price than what you saw on the ads, so aside from this deductive payments way there are other scam and shandy ways this p2p on exchange vendors operate.

[I_Anime]

This is why you have Toto be smart when doing p2p because most people aim is to frustrate through it , before I release my coin I always make sure that have confirmed all the payment is completed before I will release my token .

Funny thing is that many will fall as victim to such act due to not being conscious whenever their using p2p , but still thank God for this p2p thing because it would have been more easier for people to scam us , because we would have been using physical vendors, some are good though but there must be some set who’s at there to spoil their name . I remember having a vendor from a far distance state and the vendor was still honest with his work.

[CryptoHeadlineNews]

What can I say, than urge them to be good ambassadors of their country.

A greedy person will always remain greedy, not minding whether he has $250,000 in crypto asset or not. Because I'm happy you were smart enough to have noticed the difference in the figures credited into your acct, and refusing to release your coin until your full payment was paid. Because had it been you never took noticed it quickly, thats how you would have lost a whooping #2700, and likewise he making profit of #2700 just for a single transaction.  Hence, I wish to earnestly thank you for enlightening us and most especially newbies on their new method of scam.