Quote from: DubemIfedigbo001 on June 27, 2024, 11:58:12 PM

Thanks for this great info. It would really help the less vigilant. I've been expecting this stunt from them, so I'm not surprised to hear it. Recently, its not safe to trade with anyone who had less than 4k trades on any exchange, not only Bybit. The old folks are more reliable and can't be bought over easily, compared to lower trade volume merchants.

This eliminates the possibility of a new merchant thriving in such exchanges, I think that until the Nigerian government is done with their madness over crypto, nobody should trade with merchants with lower trade volumes, let alone new ones.

Even before Kucoin disabled NGN in their p2p, series of cases like this were flooding my twitter timeline on a daily basis and I was so skeptical moving to bybit hearing things like this about them. Honestly, it’s getting scary day by day as government and her agent continue to fight against people’s legitimate ways of earning a living.

The alarm has been raised severally but people keep falling victim, why? Simply because there is no way to detect legit vendors and the ones in disguise. To make it more complicated, I ever heard that trading volumes can be manipulated just the same way some of them use to manipulate the price. I don’t know how authentic this information is but I don’t find it hard to believe since manipulating price is possible.

I think exchanges need to come to our aid by improving their platforms without giving rooms to any forms of manipulation including fake reviews. If these things are not checked, looking for a vendor with higher trade volume is never a guarantee that one is completely safe from this agents portraying themselves as vendors.

Finally, our banks should not be naive to freeze someone’s account by just a mere reference on the transaction. Some banks make it optional but Kuda makes it compulsory and I do write whatever that my hand press on the keyboard. It shouldn’t be used as a basis of judgement without physical report by the accuser in the bank. Why will someone send money and input scam or fraud in the transaction reference and you’re taking such person serious? That’s very illogical.