Beware of P2P Scams in Vietnam

In recent years, the P2P (peer-to-peer) method – which means transferring money directly from one person to another – has become increasingly popular in Vietnam. This method is fast and convenient but carries a high risk of scams, as money is transferred directly without a third party to ensure safety. Common P2P Scam Tricks in Vietnam

1. Fake Proof of Payment (Fake Proof of Payment) Scammers send you screenshots of fake transactions to prove that they have sent money. In reality, the transaction has not occurred or is still pending. Commonly encountered on Binance P2P or trading Facebook groups.
2. Bank Account / E-Wallet Stolen Scammers use hacked accounts to send money to you. Then, the real account owner complains → the bank or wallet freezes your account for investigation.
3. Reversal Scam (Refund Scam) After you receive the money, the scammer files a fraud complaint with the bank or wallet → the money is withdrawn.
4. Underpaid Transfer (Underpaid Transfer ) For example: a transaction of 100,000,000 VNĐ but the scammer only transfers 99,000,000 VNĐ and asks you to pay the difference in cash. According to the regulations of P2P platforms, you must not release the money before receiving the full agreed amount.
5. Third-Party Payment Fraud (Third Party Fraud 3) Scammer asks someone else to send money to you. Then, a third party complains → your account is suspected of money laundering. Vulnerable Targets Traders on Binance P2P (buy/sell crypto)Members of trading groups on Facebook / WhatsAppFreelancers receive directly via EasyPaisa / JazzCashSellers on OLX or other marketplaces Tips to Prevent P2P Scams Only trade with verified individuals or those with good feedback on the platform. Wait at least 1-2 hours after receiving money before completing the transaction, to reduce the risk of reversal. Do not share your CNIC, OTP, password, or account access with anyone. If you see a third party's name appear on the statement, cancel the transaction immediately. Always use the chat and dispute system of the P2P platform for protection. 💡 Note: P2P is very convenient but also full of risks. Being cautious, thoroughly verifying partners, and adhering to the rules above will help you minimize the risk of unfortunate money loss.