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TradeRicch, a trader specializing in Contracts for Difference (CFDs) and Synthetic Indexes, has expressed concerns over Bybit's handling of peer-to-peer disputes. According to a statement made on X, TradeRicch alleges that Bybit often sides against legitimate users in cases involving repeat vendor scams.
"Be careful with Bybit P2P vendors," said TradeRicch. "Their scam tactics are getting more sophisticated. I bought USDT from a vendor who confirmed my payment before releasing the coins, only to wake up this morning and find an appeal from him in my email. I hope Bybit delivers justice to the right person because I've heard of many cases where they side with the wrong person!"
Bybit’s peer-to-peer (P2P) platform has recently been scrutinized following multiple scam incidents that have raised questions about user safety and dispute resolution. One notable case, referred to as the "Freda Incident," involved a Nigerian trader who claimed to have been defrauded within Bybit’s P2P system. This incident has led to calls for enhanced user protection and transparency. Cryptodamus has highlighted the vulnerabilities in the P2P ecosystem and emphasized Bybit’s responsibility to maintain platform integrity.
