Yet, Another Scam Method

[sokani]

If you never experienced am, stay safe out there and shine your eyes because these scammers no dey get joy. Na scammers and beggers full Bybit now targeting who go fall for dem trap.

Omo, wetin scammers no fit do, no exit. Thank you bro for sharing dis eye-opening information. Dis one nah di first time I dey hear dis kind of scam.

Scammers don Dey leverage on this thing Dey use chop people, especially when na big money involve. Omo, when you be person way Dey do one or twos for the online space, to Dey read notification and checking mails no suppose Dey hard you o. In fact, make am necessary to check even your spam mails cef, e get why.

Some of these things Dey just go hide for there and you no go get signal.
That name format for narration na another creative idea towards solving this wahala, nice one.

Your advice dey good. Anoda thing wey I reason be say, e good to transfer the fund to anoda account anytime we do P2P, especially if nah big amount. Because you fit no see the notification from the bank, or you fit see am very late. So to be on the safe side, nah to just transfer the money to a different account sharp sharp, the moment e enter your account.

[SmartCharpa]

If you already experienced this, please tell us how it ended. If you never experienced am, stay safe out there and shine your eyes because these scammers no dey get joy. Na scammers and beggers full Bybit now targeting who go fall for dem trap.

My brother, I never experience this kind thing before and I no even pray make I experience am for my life. Everything just dey somehow for this country. But I think say OPay no get the right to carry transaction from your account without your permission. Dem suppose get better way to bring person attention to wetin the sender wan do, no be only by sending message through notification, because no be everybody mind dey always go there. Me self na only when I receive alert I dey check.

I no understand why this beggar of a thing full exchanges now. No be only Bybit, majority of exchanges wey dey support NGN na so this scammers dey behave. Any small thing, dem go ask you to reduce something for them out of the money wey dem send for you. Now e don turn another method of reporting your bank account. For this country, dem no go ever stop with new strategies, and OPay sef suppose do something about am.

[Y3shot]

If scammers no rest, we sef no go rest by creating awareness about their new and latest strategy. rs no dey get joy.

Of course you no need to dey silent when it comes to the new format of scammers because if you no expose them , they go take advantage of the newbies which you don't even know this may even include your love ones. The essence of having knowledge about bitcoin, wallet and bitcoin related na not allow these scammers not to take advantage of ones ignorant.  When it comes exchange,  scammers are full, we need to be very careful.  No be all traders you see for exchange are their to trade, if you no even take time acammers wey they exchange fit even many pass real traders, people wey their intension na to come trade.

[Odogwu-Blockchain]

Some vendors are purposely on P2P just to scam people and I hear say dem dey create fake impressions by boosting their numbers of trade (allegedly) just the way developers dey create fake review for playstore.

That is not possible on Bybit since you need to complete a trade to be able to give feedbacks and it's not like you can send your friends your vendor tag to fake trade, theses trades are random in a way you can't trade with the same vendor twice in a week.

There is no fake number of trades on any p2p or there is fake total number of positive reviews, the only thing that is fake is the high rate scammers use to lure traders into their trap.

I usually see an alert by Bybit autobot message during disputes saying real moderator has green flag on one part of their name, that any moderator that has other colors on their name are fake. This statement made me wonder how, how can fake moderator join between two trades, so Bybit is so vulnerable to give the space to scammer to assign themselves a moderator tag, how?

[Coyster]

It is unbelievable how terrible some of these vendors can be, this is business, if you feel you are not making profit from it, then quit and go look for something else to do. I have requested a refund in this manner from Opay a couple of times, but it was legitimate, i bought something from a merchant, paid with my debit card, i get debited, but the merchant didn't receive the funds. So we agree to report the transaction and i get my money back after seven days.

It is sad that some of these vendors are doing this, even when the transaction went smoothly. Thank you OP for this update, i do not always check my email address attached to my Opay account, so i go dey more vigilant from now on oh.

[Proty]

It is unbelievable how terrible some of these vendors can be, this is business, if you feel you are not making profit from it, then quit and go look for something else to do. I have requested a refund in this manner from Opay a couple of times, but it was legitimate, i bought something from a merchant, paid with my debit card, i get debited, but the merchant didn't receive the funds. So we agree to report the transaction and i get my money back after seven days.

It is sad that some of these vendors are doing this, even when the transaction went smoothly. Thank you OP for this update, i do not always check my email address attached to my Opay account, so i go dey more vigilant from now on oh.

Some of this vendors are really scammers I can still remember my counter with one this week on bybit P2P trading. I actually placed a trade via P2P on bybit and this vendors was buying usdt at the rate #1519 per usdt. After I had placed the trade I was waiting for him to pay , only to receive a message via bybit were he was asking me to remove about #1900 that is on top . I refused the next I got was notification from bybit via email that the buyer has indicated that he has made payment that I should confirm and release the coin. Immediately I chatted the buyer up that I will file a formal complain against him to bybit compliance team. I went and cancelled the trade,one just need be careful especially when dealing with all this vendors Via P2P trading to avoid story that touch.

[igebotz]

This particular one no dey cost much to do because you don't need court order before reporting erroneous transactions. You only need court order in the case of Internet fraud and account theft issues. The scammers rely on chances here hoping you won't notice the notification to counter their claims. If they are lucky you didn't notice it and the ultimatum expired, they automatically succeed. If you noticed it and counter the allegation, that's when Opay will request for additional information from them to prove their claim. At this point, they'll abandon the case and claim the issue already sorted out. It's purely a game of chance and na why I advise our people to be regularly checking their notifications.

Interesting cause I was wondering why anyone would spend more than 100k to place a lien on someone's account after a successful trade of less than 100k.

I'm not sure I've ever checked or received a credit mail from Opay since I signed up.

[Africolo]

I usually see an alert by Bybit autobot message during disputes saying real moderator has green flag on one part of their name, that any moderator that has other colors on their name are fake. This statement made me wonder how, how can fake moderator join between two trades, so Bybit is so vulnerable to give the space to scammer to assign themselves a moderator tag, how?

I'm hearing this for the first time, could it be the reason why some p2p customer care service were releasing dispute coins without evidence from both parties sometimes last year?

[Out of mind]

If scammers no rest, we sef no go rest by creating awareness about their new and latest strategy. rs no dey get joy.

Of course you no need to dey silent when it comes to the new format of scammers because if you no expose them , they go take advantage of the newbies which you don't even know this may even include your love ones. The essence of having knowledge about bitcoin, wallet and bitcoin related na not allow these scammers not to take advantage of ones ignorant.  When it comes exchange,  scammers are full, we need to be very careful.  No be all traders you see for exchange are their to trade, if you no even take time acammers wey they exchange fit even many pass real traders, people wey their intension na to come trade.

Yes you are right, scammers always invent new tricks, which many experienced people also face. In crypto, scammers always look for alternatives, they come up with ideas on how to cheat people, many times they succeed. So we have to be more careful, always avoid scammers, since such an incident happened to him, he shared it here, it will be beneficial for many more people, they must act carefully while transacting. We will always be careful in any transaction, so we will face less fraud, but we should always remember that these online platforms have the most fraud traps.

[sokani]

~~

I earlier commented, and what I suggested was to move the fund to another account to be on the safe side in case we did not see the notification. But my question is, after moving the fund to another account, what if we did not see the notification from Opay and the 7-day period elapsed, will Opay deduct the fund and send it to the scammer whenever money is deposited into the account?

[EL MOHA]

My advice to opay users, make them use normal banks  wey we know(First bank, Access, FCMB, Union etc) to run their crypto transactions than for them to use Opay wey this kind situation go fit happen to them without them knowing on time.

Which of this banks do you use because I want to ask maybe you haven’t actually experience the frustration behind using them, I have used first bank and access bank before for P2P and I can tell you that I definitely regretted using them because of how poor the network is for them. I have made a P2P transaction and have gotten delayed alert for more than 3 hours from both banks before you don’t see that happening with fintechs also there has been situations where you Dey credit alerts on this traditional banks and you simply get debit alert later for transfer reversal that is definitely not common with fintechs

This scams you see ba can still be executed using a traditional banks by going through police reports.

Interesting cause I was wondering why anyone would spend more than 100k to place a lien on someone's account after a successful trade of less than 100k.

I'm not sure I've ever checked or received a credit mail from Opay since I signed up.

The thing again is you don’t need to have 100k to pull this off due to how our security forces are operating now, if you have little amount they are corrupt police officials that can simply give out this warrant and even follow the complaint to bank for less the amount most especially if the reward for the police man is even around 20k

I earlier commented, and what I suggested was to move the fund to another account to be on the safe side in case we did not see the notification. But my question is, after moving the fund to another account, what if we did not see the notification from Opay and the 7-day period elapsed, will Opay deduct the fund and send it to the scammer whenever money is deposited into the account?

Your account will be under restriction and whenever any amount enters that account if you don’t clear the air before then it will be withheld by Opay, it is more like you loaned and didn’t pay back and you’re oweing. I have heard this happened so when any money enters they keep removing it till you compelete the accused amount

[icebar]

Scammers will have a way to cheat, but now you have to be aware of yourself. Before doing P2P trading, definitely use those merchants who have good ratings and high transaction volumes. You should not trade with someone who is willing to pay a little more from others. You should be more careful before making big trades. Because big trades are usually the target of scammers. They will definitely not be interested in proving the necessary information for a small amount. So, it is more important to be careful on your part in any way.

[Glowy]

I have heard of this scam patterns and it is really not a good one for the crypto space considering how the federal government is against crypto. If this news continues they will be building valid reasons for the federal government as to why they want to clamp down on crypto. With a glaring excuse as it is used to scam people. Which is true, but we all know that this same crypto has helped a lot of young Nigerians. And there are government officials who use crypto too.

[CryptSafe]

This is a good case to study from, although this scam method seems to be a new tactic used by scammers, and this is the reason why we should be very cautious and alert whenever we are dealing with p2p vendors.

In my previous posts about these p2p scams, I have listed measures that we can take to stay safe whenever we are having a crypto p2p deal.

When initiating a p2p deal, the first thing you should do is to check out the number of transactions and ratings the vendor has. You can go with vendors with over 2500 transactions.
Check their ToS as some do have theirs in the message body for prospective client to see and read before they proceed with their transactions. Read it carefully and if the vendor requests for phone number, avoid such a vendor; if they say that the payment is coming from their company, avoid them; only deal with vendors who pay directly from their personal account.

Once you receive your payment, quickly transfer it to another account for safety purposes, and to also confirm if the transaction is a real one, too, because some vendors are big scammers to deal with. You can also make payments first if you are doing such before initiating the p2p deal, so that you will be sure that you have already settled your payment before releasing your coin to the buyer via the p2p platform.

Nevertheless, we should know that as long as this world exists and innovations keep evolving, scammers will always upgrade their tricks and tactics to deceive people and make them fall for their traps. Crypto is not left out of this, as it is even the major focus of scammers to infiltrate the crypto p2p platforms and carry out their dirty deeds. We ought to be alert and careful how we deal so that we do not lose our funds and assets to them.

[Ever-young]

I've been seeing this refund option but haven't really paid much attention to it. And the thing is that, it's not just in opay, several other microfinance banks like Moniepoint and a few others also uses this options. It's just quite unfortunate that people actually take advantage of these things just to defraud people. But the truth is that, this attempt can only work on people who are not paying attention to their emails or regularly visit their apps, cos people who do would definitely stumble on such a thing and quickly decline it.

[Son Of Blockchain (SOB)]

 OP, I really love how you start your post within "if scammers no rest den we too no go rest to create awareness" eh make sense say you bring this information here cause lots of people no really dey aware of this their new method including me, these people dey really take their time to formulate new ways of stealing money so we too need to dey extra careful in securing our money.
 Maybe Opay no really dey aware of these new tactics these scammers they use with their app, na to create awareness to them always so they go take note then know how to tackle the situation, then people wey dey use Opay too go need they check their notifications and email from time to time to avoid cases like this.

[Iamgoat]

This is so worisome, opay on their own is making whole lot of mistakes in this, just imagine this was to be done normal banks, so you mean someoone can reports that he or she made a mistake in the account number and may be because the receiver in question did not respond to the email or message sent to him or her by opay, the money he receives earlier will get reversed back to the scammer, if this continues, opay will start losing customers because people will start making using of normal banks account number as it was before or choose other fintechs if they don't do this because this is rubbish, bybit has now become scammers house everyone should be very careful so that they don't fall victim of many nonsense going on there.

At least we are better informed than we were earlier with this information. How can I imagine that Opay will reverse a transaction after seven days of non response, it's quite bizarre in my thinking. Imagine being in a location with restricted internet connection and someone sends you money then decide to reverse his funds back using the same tactics. Does that mean your funds will be refunded to the sender. It sounds completely bad of a practice by the opay management. They seriously need to review this while we also need to be extra careful based on this awareness we have now.

[Nwada001]

I'm hearing this for the first time, could it be the reason why some p2p customer care service were releasing dispute coins without evidence from both parties sometimes last year?

That could be it; that could also not be it, but in terms of this blue ticker to their name, they could be referring to their customer support on Telegram or other social media where imposters might want to impersonate them in order to deceive customers and steal from them. If not, how can they have scammers and the wrong agent under their customer service? If such is possible, then they should be held responsible for any loss that might result.

[Odogwu-Blockchain]

I usually see an alert by Bybit autobot message during disputes saying real moderator has green flag on one part of their name, that any moderator that has other colors on their name are fake. This statement made me wonder how, how can fake moderator join between two trades, so Bybit is so vulnerable to give the space to scammer to assign themselves a moderator tag, how?

I'm hearing this for the first time, could it be the reason why some p2p customer care service were releasing dispute coins without evidence from both parties sometimes last year?

Should be,
It's not proper for Bybit to notify this kind of awareness to customers, it may let scammers to have a second thought to create a fake moderator profile and bridge himself into trades while manipulating the whole system the way he likes.

This might be difficult to do so, but there is nothing hard to a scammer to do.

[Africolo]

I'm hearing this for the first time, could it be the reason why some p2p customer care service were releasing dispute coins without evidence from both parties sometimes last year?

Should be,
It's not proper for Bybit to notify this kind of awareness to customers, it may let scammers to have a second thought to create a fake moderator profile and bridge himself into trades while manipulating the whole system the way he likes.

This might be difficult to do so, but there is nothing hard to a scammer to do.

If there's wasn't a fake customer service on their site they wouldn't have put up the notice in the first place; we have used  Binance and other exchanges before now and such notice wasn't on their site.

There's is already a fake customer service on their platform and we just have to be careful about who we trade with so we don't have to be in a situation where we would need mediator.