A growing crypto scam in Pakistan is trapping people who sell USDT through peer-to-peer deals.
The pattern is simple that a buyer contacts you on a P2P platform, you agree a rate, share your bank details, and receive a transfer.
Moments later, the same person calls the bank claiming the money was sent to the wrong account.
When the bank verifies, it asks you who sent the funds.
If you can’t provide a full name, CNIC, and verifiable trail, the bank may reverse the payment.
If you say it was for selling crypto, the transaction can be flagged as illegal and your account can be frozen.
Crypto scam in Pakistan: how the ‘reverse payment’ trick empties your account
Here is why both outcomes hurt the seller.
In one case, the bank pulls the money back because you can’t prove the sender’s identity.
In the other, admitting it was a crypto sale when crypto trading isn’t legalized in Pakistan can lead to account blocks and compliance reviews.
Either way, you lose funds and face banking trouble.
Scammers exploit this gap, they push you to release USDT after a transfer hits your account.
Ina addition, then use the “wrong transfer” claim to claw it back.
Until clear regulations exist, avoid P2P off-ramp deals that rely on direct bank transfers with strangers.
Never release USDT without strong, on-platform escrow and verified KYC.
Even then, remember a bank recall can still override your receipt.
Keep full records of counterparties, refuse deals from third-party bank accounts, and do not engage if a buyer resists basic identity checks.
The safest choice for now is, don’t cash in or out via informal channels.
Wait for lawful, regulated options until then, this scheme turns your own bank account into the weak link.
Read more: Why is PTCL down in Pakistan?
