Crypto’s dark side: How P2P traders navigate daily scams, fraud, and frozen accounts

Peer-to-peer (P2P) trading helped keep Nigeria’s crypto market alive when the government restricted exchanges from transacting with banks in 2021. Yet, as the method has become more popular, it has become a magnet for fraud. Scammers exploit the anonymity of cryptocurrency to launder stolen funds—whether from bank glitches, hacked accounts, or outright fraud—turning P2P platforms into a…