Dear P2P Merchants,
There have been lawbreakers who induce P2P merchants into illegal transactions recently. BingX hereby reminds P2P merchants to exercise caution during transactions to ensure their asset and account security.
 
Example:
Buyer A bought crypto in P2P trading from merchant B, but later contacted merchant B, claiming that he really needed to use the money immediately and desired for a private transfer with merchant B. Buyer A offered a large order and was willing to pay a higher price. He might initiate multiple transactions in a row.
However, one or two days later, merchant B received notice from the local police that the transactions involved tainted money from a fraud syndicate.
 
Summary
1. The reason that the fraudster requested to transact outside of the platform was to circumvent the platform's risk control system and the T+1 withdrawal limit so that the money can be withdrawn instantly. In this case, please reject such request right away.
2. Frequent transactions of large volume with one user may expose you to higher risks.
 
Please stay alert and report any suspicious order that you encounter to the platform.
 
Contact Us
Line: BingX_P2P
Telegram: @BingXP2P
 
BingX Operation Team
2022-12-06

 

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