Sold 500 USDT and the buyer sent money from someone else's bank account 😳
Last week I had a P2P sell order for 500 USDT. The buyer marked the payment as completed, and when I checked my bank app, 12.6 million VND had indeed arrived. Real money, real transaction.
But then I noticed the sender's name. It didn't match the buyer's name on the Binance order. Not even close. Different last name, different everything.
I sat there for a good five minutes thinking about what to do. The money was real. The amount was correct. Part of me wanted to just release the coin and move on.
But here's the problem: if that money came from a compromised or stolen account, my bank could freeze my account later when the real owner files a report. I'd have the money, but I'd also have a frozen account and a fraud investigation tied to my name.
So I didn't release. I opened an Appeal and explained the name mismatch to Binance Support. They investigated and resolved it.
What I learned:
🔴 Money arriving is NOT enough. The sender's name MUST match the buyer's Binance KYC name. 🟢 If the name doesn't match, do NOT release. Appeal immediately. 🟢 Screenshot everything: the bank transaction, the order details, the chat. 🟡 Third-party payments are one of the most common P2P risks that new sellers overlook.
The money being "real" doesn't mean the money is "clean." Those are two very different things.
Has anyone else dealt with a name mismatch on P2P? How did you handle it?
@Binance Vietnam #BinanceP2PAnToan $HEMI $APR $VELVET
Last week I had a P2P sell order for 500 USDT. The buyer marked the payment as completed, and when I checked my bank app, 12.6 million VND had indeed arrived. Real money, real transaction.
But then I noticed the sender's name. It didn't match the buyer's name on the Binance order. Not even close. Different last name, different everything.
I sat there for a good five minutes thinking about what to do. The money was real. The amount was correct. Part of me wanted to just release the coin and move on.
But here's the problem: if that money came from a compromised or stolen account, my bank could freeze my account later when the real owner files a report. I'd have the money, but I'd also have a frozen account and a fraud investigation tied to my name.
So I didn't release. I opened an Appeal and explained the name mismatch to Binance Support. They investigated and resolved it.
What I learned:
🔴 Money arriving is NOT enough. The sender's name MUST match the buyer's Binance KYC name. 🟢 If the name doesn't match, do NOT release. Appeal immediately. 🟢 Screenshot everything: the bank transaction, the order details, the chat. 🟡 Third-party payments are one of the most common P2P risks that new sellers overlook.
The money being "real" doesn't mean the money is "clean." Those are two very different things.
Has anyone else dealt with a name mismatch on P2P? How did you handle it?
@Binance Vietnam #BinanceP2PAnToan $HEMI $APR $VELVET