P2P Risk Awareness: Fake Escrow Scams and How to Reduce Your Risk
1. What is Escrow Scam?
2. Common Fake Escrow Scams Scenarios
The victim seller may receive a fake or edited screenshot that appears to be proof of payment. The scammer buyer may also claim that a so-called "special escrow account" or "third-party escrow system" exists, promising that the payment will be credited afterward and that the transaction will be confirmed only after the victim releases the crypto. However, when the victim checks their bank account or wallet, no funds have actually been received.
3. How to protect yourself from Fake Term Scams
✔ MEXC does not use third-party or external escrow systems
✔ Never release crypto unless funds are confirmed in your own bank account or e-wallet
✔ Ignore any claims about "special escrow" or "delayed escrow confirmation"
✔ Ignore pressure or aggressive messages that try to force you to release your crypto.
✔ If anything feels suspicious or you cannot reach an agreement, stop the transaction and contact our Customer Support team immediately.
Message from MEXC Customer Support ⭐ | Message from your counterpart or yourself | |
On the Web | MEXC logo icon message sent from MEXC customer service. | Blue Icon message sent from counterparty Yellow Icon message sent by yourself |
On the App | MEXC logo icon message sent from MEXC customer service. | Blue Icon message sent from counterparty |
Profile Avatar | All messages sent by MEXC will appear on the left side of the chat and display a headphone icon as the profile picture, along with the system label "Sent by Customer Service". | Your counterparty's profile picture will display the first character of their nickname. |