Lost money to a crypto or trading scam? Read this first: UK BASED - If your losses exceed £10,000 then Wealth Recovery Solicitors might be able to help. WRS is partnered with the National Crime Agency and has helped dozens of clients retrieve substantial sums. >> VISIT WRS USA/AUSTRALIA/CANADA - If your losses exceed $10,500 then contact Cybertrace. Cybertrace are a team of investigators specialising in cryptocurrency scams and tracing using custom AI tools. >> VISIT CYBERTRACE
P2B is a fake cryptocurrency trading platform that robs investors of their cash and cryptocurrency.
The platform, which claims to have been founded in 2018 although the website is only registered in 2023, is being used as part of a scam where victims are approached through social media apps to encourage them to invest.
Once the victim deposits a significant amount, the scammer will block the account and demand a large payment to release the funds. However, this is all part of a scam and designed to steal more money.
P2B fraud red flags
Spotting P2B scams is fairly simple if you know what you’re looking for.
Some of the things the platform offers are:
- Basic website design using pixelated images.
- There is no regulatory or licensing information.
- There is no information about the team or company.
- There are no details on how returns are guaranteed.
- There is no security authentication for storing user funds.
- It is an unrealistic promise of high profits in a short period of time.
- Reach out to random people through social media.
I was scammed by a P2B scam. What should I do?
First, you need to gather all information about what happened, including transaction details, banks and cryptocurrency exchanges involved.
You should then report the fraud to the police or the relevant fraud agency in your country.
There are also private companies that can help, as I wrote here.
If you suspect a site is fake, contact us.
Related posts: Cryptocurrency Scam Help and Resources