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the platform was to circumvent the platform's risk control system and the T+1 withdrawal limit so that the money can be withdrawn instantly.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
Email: C2C@BingX.com
Line: BingX_C2C
Telegram: @BingXP2P
BingX Operation Team
2022-12-06
BingX Official Channels
BingX App: https://bingx.com/en-us/download/
BingX Official Website: https://bingx.com
Telegram: https://t.me/BingXOfficial
Twitter: https://twitter.com/BingXOfficial
YouTube: https://www.youtube.com/c/bingx
Risk Disclaimer
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
BingX attaches great importance to compliance and has strictly abided by local regulations. Please obey local laws and regulations in your country or region. BingX reserves the right in its sole discretion to amend, change, or cancel this announcement at any time and for any reason without prior notice.
For more information, please refer to our Terms of Use and Risk Warning.