I need to share a critical challenge I faced on Binance P2P so others may be careful.
I placed a P2P sell order on Binance. The customer did NOT switch any funds to my checking account, however after a while, he marked the order as “Paid.” I immediately checked my financial institution — no cash acquired at all.
While i used to be ready for cost , my crypto was mechanically released to the customer. Later I came upon the customer was using some type of “quick service / fast release” function, which appears to have triggered the auto-release with out my guide affirmation.
To be very clear:
I by no means acquired the cash
I by no means confirmed cost
Crypto was released anyway
This looks like a huge flaw or exploit in the P2P system. The customer principally walked away with my crypto at no cost.
I’ve already contacted Binance help and opened an attraction, but up to now the method is sluggish and hectic. I’m posting this to:
1. Warn others to be extremely careful with P2P trades 2. Ask if anybody else has skilled auto-release with out confirmation three. See if anyone successfully recovered funds in an identical state of affairs [link] [comments]
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