Confirmed P2P fraud on Bybit — appeal approved but no compensation
I lost $1,300 in a confirmed fraud case on Bybit P2P.
Appeal was approved and fraud confirmed, but compensation was denied because the scammer withdrew funds before freeze.
Mechanics of the scam:
- Fiat transferred
- Seller triggered additional document request blocking confirmation
- After receiving funds, seller rejected verification and canceled the deal
Scam warnings about this seller were hidden in collapsed reviews, so users could not clearly see prior fraud reports.
Bybit support response implied user error, despite:
• ~3 years account history
• 496 completed P2P trades
This appears to be a platform-level control failure.
I documented the full case and posted evidence on X: https://x.com/dimedved8/status/2025647798108975113?s=20
Has anyone experienced similar issues on Bybit P2P?
Posted Mar 6, 2026, 9:54 PM UTC
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