P2P Chargeback After USDT Release, Buyer Still Active

On 9 August 2026, I bought 172.17 USDT for PKR 48,845 by means of Binance P2P. The customer paid, I released the USDT, and the trade was accomplished normally

Weeks later, the cost was reported as fraudulent

Once I went to my financial institution, the department manager advised me that the sender had filed a fraud grievance/chargeback. My principal account and debit card have been suspended and funds I had already transferred to my different account and my father’s account have been also frozen

I contacted the customer asking why he had carried out this. He later claimed it was a “chain dispute” and that his personal account was blocked too

He advised me NOT to tell the bank it was a Binance P2P transaction and prompt I say the cost was for an internet mobile-phone purchase as an alternative

I reported him to Binance round 2-Three October and submitted the evidence. As of 7 October, his P2P profile still appears lively and he nonetheless seems capable of commerce

I understand investigations take time but that is the half I do not perceive. I'm dealing with frozen accounts and blocked funds over a accomplished Binance trade, whereas the individual I reported appears to be carrying on usually

I have the completed P2P order, proof of cost and USDT launch, bank correspondence, account restriction proof, and the chat where he tells me to explain the transaction as a telephone purchase

Binance has the order data and chat historical past and may verify what happened

What I need to know is why an account involved in a grievance like this is nonetheless apparently allowed to maintain trading while the investigation is ongoing

Has anyone here handled one thing comparable? Did Binance truly help with the financial institution dispute?