Fraud cases in P2P crypto have occurred again and this time the value is not small. A crypto trader who acts as a seller in one of the platforms crypto exchange reportedly lost around IDR 500 million in just one transaction.
Mode Screenshots in P2P Makes Hundreds of Millions in Losses
This information is the first time shared by Cryptonesia on Saturday (16/05/2026). This case is a reminder that in P2P, one click “releases” can lead to big losses if not accompanied by proper verification.
The chronology starts with a transaction worth US$30,000. The buyer sends proof of transfer in the form of screenshots and bank SMS notifications that appear valid. Without waiting for confirmation that the funds have actually arrived, the seller immediately does it releases.
“Buyers send false evidence, then seller carry out a USDT release. After that, buyers cancel immediately orders while reporting scam. As a result, the account seller frozen and crypto assets lost,” he explained.
The process is fast and neat. But behind that, there is one crucial mistake, namely too much trust in visual evidence. Error This is what ultimately made hundreds of millions of rupiah disappear into thin air.
Why is this fraud method often successful?
Even though it is considered an old method, the fact is that many people are trapped. One of the main causes is the use of mule accounts and loan accounts belonging to other parties, so that the flow of funds is difficult to verify with certainty.
On the other hand, screenshots Bank transfers and SMS notifications are now increasingly easy to fake. For traders crypto In a hurry, details like this often go unnoticed and are immediately considered valid evidence.
Psychological factors also play a role. Many sellers feel pressured to complete a transaction for fear of missing out buyers. In situations like this, the verification process is often ignored.
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Though, deep P2P system crypto, there is one principle that does not change. Once the assets arereleasescontrol is completely lost and there is no mechanism to retrieve it.
Fatal! In 1 Minute This Crypto Trader Loses IDR 10 Million Due to Wrong Swap
This case emphasizes one important thing. SMS and screenshots is not valid evidence. The only validation is that the funds have actually entered the account and cannot be cancelled.
Because of that, traders It is recommended to wait at least 60 minutes before completing a transaction, especially for large amounts. This step is important to ensure P2P funds are truly safe.
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