How P2P Can Lead to Police Arrest (The Stolen Money Trap)

[Ronsbit]

Already, some third party exchange makes this warning on every trade page of merchants to see. Bybit, for example, does that: they always put up this caution of corresponding name verification while trading, so that the seller and buyer are on the safe side. If the buyer decides to change the name, then it is left for the seller to reject such a deal, and the warning is already there for both parties to see for themselves and adhere to the trading code. So anybody who goes outside the MOU and anything happens, they would have themselves to blame for their woes.

Although I have not experienced a situation of a frozen account but I know of people who encountere such last year and it was a terrible one fr them because it took them a whole lot before the account was free. That was possibly after the upperlinner has been able to rectify the issues and all beneficiaries to that funds that got frozen were all released and they could have access to their funds.

[DiMarxist]

I always feel the number 2 is the best preventive measure against this while the others also help except number 1 because the account was created solely for that purchase and things will become even way difficult.

Interacting with such money even if it is refund is an issue and the legal forces with other restriction like bank account getting locked is not something that will be easy to get off with in this country even with record of receipts. We have read or seen stories about this spoken off a number of times. While I don't really know an effective way to prevent this since I can think of a back door these scammers can use, I just hope not to be a victim or anyone around me.

This is very important lesson for p2p traders that they should have at the back of their mind. When trading always be careful of the kind of price that we take when we see a price that is unexpectedly high when compared to the current rate.  This is a lesson I have to take and look out for not to fall into such traps and and problems later. Because unnecessarily high price is a sign of a red flag and we should look out for it to avoid problems on the long run.

[Mr Reporter]

I always feel the number 2 is the best preventive measure against this while the others also help except number 1 because the account was created solely for that purchase and things will become even way difficult.

Interacting with such money even if it is refund is an issue and the legal forces with other restriction like bank account getting locked is not something that will be easy to get off with in this country even with record of receipts. We have read or seen stories about this spoken off a number of times. While I don't really know an effective way to prevent this since I can think of a back door these scammers can use, I just hope not to be a victim or anyone around me.

This is very important lesson for p2p traders that they should have at the back of their mind. When trading always be careful of the kind of price that we take when we see a price that is unexpectedly high when compared to the current rate.  This is a lesson I have to take and look out for not to fall into such traps and and problems later. Because unnecessarily high price is a sign of a red flag and we should look out for it to avoid problems on the long run.

Sometimes just that greed is what causes all this to happen most time due to greed some member puts them self at jail for life…that when trading p2p im any exchange you most be in extra careful…how you come see most people like to play around d and allow greed take the best part of them land them in big trouble is no jokes this days now that our country men’s are not even smiling at lot…when you see how juicy the price are high yiu should just take a little break to see will happen next not a lot some kind of little money put your life behind bar’s for a common mistake let always take note of this things we pray we don’t fall such victim’s