I have heard that some scammers are making fake accounts on Binance for P2P and using hacked bank accounts for transfer. If we deal with them for P2P deals, our bank accounts can also get feezed. Have you ever faced this problem on Binance ? How can we reduce the chances of getting affected by this ?
There's a possibility that your funds could be frozen if the authorities decide to investigate, but, of course, it won't affect you if you're not involved in any illegal activities. P2P transactions are pretty straightforward – you trade cryptocurrencies for fiat with a specific person. In reality, though, it's often unclear where the funds are coming from.
So, I believe the main responsibility falls on the exchange. They need to make sure they thoroughly verify the information provided, cross-check the documents, and only approve KYC for accounts once they're sure everything checks out. Once an account is verified, it's no longer the exchange's responsibility. If there's an investigation, the exchange might cooperate with the authorities. So, if you're using P2P and funds from the other party come from illegal sources, you should be in the clear unless you're in colluding with them.
I use P2P regularly myself, and I'm not particularly worried about this kind of scenario.