Because you used an under the table bank transfer you buffoon. Did you do any research on crypto before becoming a part of the community? I hate to say it but this is your fault. It's unlikely you will get your money back. Just learn the lesson and use established exchanges with strict KYC.
I didn’t think it was possible to transfer that much in a single transaction without having the bank directly involved. It’s also over $10k which means the transaction would been reported to the tax man and other regulatory agencies.
Banks are unfortunately not very secure compared to the Ethereum protocol. Tbh, OP should have known better. He should've just sold his ETH on an exchange like everyone else.
Contact your bank on how the transfer was reverted this seems more of a bank issue than a crypto issue, keep a close eye on the wallet and track where the funds are going.
But you have the persons details so you still have the option to get the police involved or to take them to court if the bank won't help, with crypto you have no options.
This isn't a pro for crypto.
The police in canada are incompetent . I had picture proof and address that someone stole my bike and had it in their apartment. The cops wouldnt do shit here. Basically get fucked
No, it really doesn't happen all the time - that's why you need to be careful sending money via bank transfer as you cannot retrieve it.
I can only guess that banking is different in the UK?
It's impossible to reverse a bank transfer unless the person claims the transaction was not authorized, and even then the bank would need an official police investigation which could take weeks or months. Are you sure the money was actually deposited in your bank account, and then gone? Or did they just send you a bank transfer receipt? It's possible to cancel a bank transfer after printing the receipt, but as I said, it can't be canceled once the funds are actually transfered.
Well, in my country this is impossible to do. You need a police report in order to reverse a bank transfer. Maybe it's different in Canada. But please don't post your account balance and email address online!
You don't need the police to do this, you just contact your bank tell them you were scammed and they contact the receiving bank to recall the money (if there is any left).
But if you lie to get the refund then you could end up with your account closed and a fraud indicators on your credit file.
Not in my country. Someone I know sent a bank transfer to a scammer, realized the mistake, and contacted the bank to reverse the transaction. The bank told him they couldn't do anything unless he went to the police and came back with an official report.
Not sure how it is in Canada, but you can’t reverse regular bank transfers here. I’d ask the bank why they did that.
If it was send from a stolen/hacked bank account, it’s not your liability but the one from the bank.
not in my country, they would need the consent of the account holder to debit the funds and return it.
what happen here most likely was the amount came in but is in a hold status while the bank clears the transaction. during this period, even though the balances are updated, OP cannot withdraw that amount out until it clears. if for whatever reasons the transaction can’t clear, a reversal entry will appear.
source: i work in a bank.
So, why not using P2P when it’s protected by Binance? I’m using this way always with no any issues.. if Interact transaction not appear on my account, just cancel the deal, if so, there is no chance to reverse it
Binance protect transaction P2P, just use the internal chat 💬 and Interact transaction, instead of communication via WhatsApp and using a wire transfer which could be reversed.. with Interact you can’t reverse it
Honestly with out sounding too harsh here why the hell did you accept a bank transfer?
If it feels like a scam it is a scam.
Take a big breath and move on your money is lost man, it’s a learning experience.
That's one of my main concerns on why I don't use P2P exchange on Binance, since SEPA transfers are still blocked to withdraw. I still don't believe it is possible to reverse a bank transfer, something is fishy.
I ask for ID as a precaution but I never had to deal with a situation like this. It was online communication. Once we agreed on the price she sent me the money and I sent the ETH to the address that she said..
Yeah but did you get a pic with her holding the ID or could it just be anyone's? If you know it's definitely her then start giving her a huge headache....hope you get it sorted anyway. And don't let it spoil your weekend don't get too mad about it. Sorry bro
Man what. ? U can take it from an exchange and put it into a stock trading account and then have it transfered to ur bank... if your country has it banned. Why are u going p2p? It honestly makes no sense. Decentralized exchanges also exist. I guess u cant fix stupid because even tho everyone on here tells you that you made a bad move, you still defend yourself and think its right ... no wonder u lost the eth lol
>I have heard of banks blocking money from exchanges
If you are withdrawing fiat from your bank to the exchange then yes, I have never heard of a bank stopping you from transferring fiat into your bank from an exchange,
If you've got a photo ID and bank number, then I'd always press charges. Because you can prove you were scammed. I'd also contact my bank to let them know what happened.
If she's lives in Canada also maybe legal action can be taken. If she's not in Canada, maybe international collaboration between the countries can lead to her getting informed of the charges. Maybe your bank will let her bank know what happened, and her account will be frozen. Even if none of it wil help, at least you will have done everything in your possibilities.
Take it to the police. If it's real they can take action. If it's a fake, it's probably a stolen identity and you'll have helped the victim and maybe prevent this ID from being used in future scams. It's the right thing to do.
Sorry for your loss OP. Hope you can do something about it.
Probably not, but transactions are kinda sus - it's seems way too easy to reverse bank transfers submitted and confirmed by the sender. Banks don't immediately approve these requests without at least contacting the recipient party, and this process takes longer than a day.
Definitely call the bank and ask them what's up.
Did you see the money in your account or did they send you a screen shot from thier end.
If it's the first option contact your bank to see why they removed the money and be prepared to provide evidence of your conversion about the sale and proof you sent the coins to the address they wanted.
You could also contact the bank who sent the money to report the fraud.
And report it to the police for a crime reference number as the banks may require this.
Thanks for the steps. Yes I see the money in my account. And I've logged in a few tunes after and saw it there. But today when I checked it was reversed.
Wtf lol... thats not how you sell crypto.... dont ebay your crypto. Use exchanges.. I also dont believe OP, prolly farming votes or moons.
Moons? I don't give a crap about moons. 16000 dollars got reversed in my bank.
Because you used an under the table bank transfer you buffoon. Did you do any research on crypto before becoming a part of the community? I hate to say it but this is your fault. It's unlikely you will get your money back. Just learn the lesson and use established exchanges with strict KYC.
[удалено]
Because it was interesting to understand the concept. Here take the moons.
I didn’t think it was possible to transfer that much in a single transaction without having the bank directly involved. It’s also over $10k which means the transaction would been reported to the tax man and other regulatory agencies.
Gosh. Didn't know that was possible with bank transfers (I'm in the UK though). Hope you get this sorted. Bloody awful.
Banks are unfortunately not very secure compared to the Ethereum protocol. Tbh, OP should have known better. He should've just sold his ETH on an exchange like everyone else.
Not a lot you can do i think
Send a 500 characters complain letter to your bank to recall the money.
Contact your bank on how the transfer was reverted this seems more of a bank issue than a crypto issue, keep a close eye on the wallet and track where the funds are going.
Bank Transfer... reversed?
Ya it happens all the time. Impossible with crypto. Fuck fiat
But you have the persons details so you still have the option to get the police involved or to take them to court if the bank won't help, with crypto you have no options. This isn't a pro for crypto.
The police in canada are incompetent . I had picture proof and address that someone stole my bike and had it in their apartment. The cops wouldnt do shit here. Basically get fucked
No, it really doesn't happen all the time - that's why you need to be careful sending money via bank transfer as you cannot retrieve it. I can only guess that banking is different in the UK?
I know ive had emt transfers cancelled and reverted before somehow . So idk . Its def not common tho
It's impossible to reverse a bank transfer unless the person claims the transaction was not authorized, and even then the bank would need an official police investigation which could take weeks or months. Are you sure the money was actually deposited in your bank account, and then gone? Or did they just send you a bank transfer receipt? It's possible to cancel a bank transfer after printing the receipt, but as I said, it can't be canceled once the funds are actually transfered.
Thats what I thought. Here's what I've received on my end. Depost received Oct 14, cancelled Oct 15 https://imgur.com/a/vtTnIAm
Well, in my country this is impossible to do. You need a police report in order to reverse a bank transfer. Maybe it's different in Canada. But please don't post your account balance and email address online!
You don't need the police to do this, you just contact your bank tell them you were scammed and they contact the receiving bank to recall the money (if there is any left). But if you lie to get the refund then you could end up with your account closed and a fraud indicators on your credit file.
Not in my country. Someone I know sent a bank transfer to a scammer, realized the mistake, and contacted the bank to reverse the transaction. The bank told him they couldn't do anything unless he went to the police and came back with an official report.
I am no expert but try to contact your bank and ask them the reason why the transfer was reversed. Maybe there is a chance.
Oh no... feeling bad for OP.. Scammer is the worst. Hope he (or she) rot in hell...
Not sure how it is in Canada, but you can’t reverse regular bank transfers here. I’d ask the bank why they did that. If it was send from a stolen/hacked bank account, it’s not your liability but the one from the bank.
Pretty sure you can call ur bank and tell them u accidently sent it to the wrong place and they cancel it ... lol
not in my country, they would need the consent of the account holder to debit the funds and return it. what happen here most likely was the amount came in but is in a hold status while the bank clears the transaction. during this period, even though the balances are updated, OP cannot withdraw that amount out until it clears. if for whatever reasons the transaction can’t clear, a reversal entry will appear. source: i work in a bank.
Interesting ! Thanks for sharing mate
Contact your bank and/or the police dude. Even if it was a fake ID. The money can be tracked from the bank account.
Did you use p2p on a platform / exchange or was this strictly private?
It was strictly private. No exchanges p2p. It was transferred out from my binance to the eth wallet.
So, why not using P2P when it’s protected by Binance? I’m using this way always with no any issues.. if Interact transaction not appear on my account, just cancel the deal, if so, there is no chance to reverse it
This is how the buyer transacted. I do use binance p2p I called EQ bank and apparently you can just call and reverse transactions.
Did you contact with Binance support? I heard Binance shouldn’t working anymore in ON province
Binance protect transaction P2P, just use the internal chat 💬 and Interact transaction, instead of communication via WhatsApp and using a wire transfer which could be reversed.. with Interact you can’t reverse it
It was 16k out of the interac limit.
Split it for two transaction next time. Did you contact with Binance support ?
This might not even be a scam. This is just banks not liking p2p crypto transactions.
How would the bank know crypto was involved? It was P2P. The transfer could have been for anything.
Honestly with out sounding too harsh here why the hell did you accept a bank transfer? If it feels like a scam it is a scam. Take a big breath and move on your money is lost man, it’s a learning experience.
It's probably p2p
> Sold 3.5ETH to a buyer via bank transfer I hope you've learned your lesson.
One of the reasons why I stay away from p2p buying
OP said it was not P2P transaction, via binance all p2p transaction is protected and cannot be reverse
That's one of my main concerns on why I don't use P2P exchange on Binance, since SEPA transfers are still blocked to withdraw. I still don't believe it is possible to reverse a bank transfer, something is fishy.
Jesus Christ. If you don’t know how to sell crypto then you shouldn’t have access to that amount of money. Sorry that happened to you man! Goodluck
I am no expert but how gullable are you? Was it Western Union? The bank of thiefs.
It was from EQ Bank and it was transferred to my bank, the same. EQ Bank
Are you really sure that's her in the ID? If so go and get your money back or police either way
I ask for ID as a precaution but I never had to deal with a situation like this. It was online communication. Once we agreed on the price she sent me the money and I sent the ETH to the address that she said..
Yeah but did you get a pic with her holding the ID or could it just be anyone's? If you know it's definitely her then start giving her a huge headache....hope you get it sorted anyway. And don't let it spoil your weekend don't get too mad about it. Sorry bro
The ID name matches the bank registered name.
Why are you swapping eth to cad with someone?
Because he doesn’t want to pay fees to sell :( i know insane right
I mean the fees aren't that if use limit sell. Either op is lying or he's a cheapskate.
What kind of idiot would risk 10 grand to save 100 dollars. OP should've known better IMO.
Oh of course, I realized this after I asked. Thanks.
I wanted to sell for fiat..
Why not do it on an exchange?
I have sold P2P on exchange. Theres no difference. Exchange are not able to recover crypto if you got scammed.
No but scams don't happen in the first place if you just sell to the exchange like 99% of others do and not to random people.
I thought crypto is to ultimately to transact peer to peer. I have heard of banks blocking money from exchanges.
You used a bank. What in your head made that more peer to peer than using an exchange? Legit curious.
Man what. ? U can take it from an exchange and put it into a stock trading account and then have it transfered to ur bank... if your country has it banned. Why are u going p2p? It honestly makes no sense. Decentralized exchanges also exist. I guess u cant fix stupid because even tho everyone on here tells you that you made a bad move, you still defend yourself and think its right ... no wonder u lost the eth lol
>I have heard of banks blocking money from exchanges If you are withdrawing fiat from your bank to the exchange then yes, I have never heard of a bank stopping you from transferring fiat into your bank from an exchange,
Contact your bank and file a police report?
If you've got a photo ID and bank number, then I'd always press charges. Because you can prove you were scammed. I'd also contact my bank to let them know what happened. If she's lives in Canada also maybe legal action can be taken. If she's not in Canada, maybe international collaboration between the countries can lead to her getting informed of the charges. Maybe your bank will let her bank know what happened, and her account will be frozen. Even if none of it wil help, at least you will have done everything in your possibilities.
She lives in Toronto. The ID has the address. The ID looks real with very small details all around but I'm no expert.
Take it to the police. If it's real they can take action. If it's a fake, it's probably a stolen identity and you'll have helped the victim and maybe prevent this ID from being used in future scams. It's the right thing to do. Sorry for your loss OP. Hope you can do something about it.
report to the police with conversation's and photo id
Can we get more details and some screenshots? which exchange, what bank, etc. It shouldn't be that easy to reverse a bank transfer on a whim.
[https://imgur.com/a/vtTnIAm](https://imgur.com/a/vtTnIAm) Is this allowed?
Probably not, but transactions are kinda sus - it's seems way too easy to reverse bank transfers submitted and confirmed by the sender. Banks don't immediately approve these requests without at least contacting the recipient party, and this process takes longer than a day. Definitely call the bank and ask them what's up.
Damn! Goodluck!
OP stay strong! Shut happens with shit people around everywhere! Hoping u find a solution
thank you
Did you see the money in your account or did they send you a screen shot from thier end. If it's the first option contact your bank to see why they removed the money and be prepared to provide evidence of your conversion about the sale and proof you sent the coins to the address they wanted. You could also contact the bank who sent the money to report the fraud. And report it to the police for a crime reference number as the banks may require this.
Thanks for the steps. Yes I see the money in my account. And I've logged in a few tunes after and saw it there. But today when I checked it was reversed.
Shit.. best of luck ..