Avoid The P2B Scam Crypto Trading Platform

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If your losses exceed £3,000 (in the UK) or $10,000 worldwide The Crypto Adviser can offer advice on recovering your funds. 

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P2B is a fake crypto trading platform that is scamming would-be investors out of their cash and crypto.

The platform, which claims to have been established in 2018 although the website was only registered in 2023, is being used as part of scam whereby victims are approached via social media apps and encouraged to invest.

Once a victim has deposited a significant amount of money the scammers will block their account and demand large payments to release the funds, but this is all part of the scam and is designed to steal even more money.

P2B scam red flags

Spotting the P2B scam is fairly straight forward if you know what you’re looking for.

Some of the things that give the platform away are:

• Rudimentary website design with pixelated images.
• No regulatory or licensing information.
• No information about the team or company.
• No details about how any returns are secured.
• No security certification for storing user funds.
• Unrealistic promises of high returns in a short space of time.
• Approaching people at random via social media.

I’ve been scammed by P2B – what can I do?

Firstly, you should collect all the information about what’s happened including transaction details and the banks and crypto exchanges involved.

You should then report the scam to the police or the relevant fraud agencies in your country.

There are also private companies that might be able to help which I’ve written about here.

If you suspect a site is fake, get in touch.

Related post: Crypto scam help and resources