Sell USDT via kucoin but chargeback from buyer

Ken322
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Contributor
I sold the USDT via kucoin platform and received the money via PayPal. After I received the money, I release the USDT to the buyer. However, after one month I received a chargeback from the buyer that he did not authorized this transaction and now the PayPal has closed case with I need to payback to the buyer yet I can't get back my USDT crypto even I provide the receipt of transaction. This is unfair as I lose my money and crypto. Anything I can do to recover the money?
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4 REPLIES 4

jemmarti
Contributor
Contributor

I am having the same case. Sold USDT 1 month ago and got the whole payment chargebacked. Paypal won't even let me report a problem about the chargeback. Name of the Kucoin Scammer is Patricia [removed]/CoinFlip in Kucoin.

How can we get our money?

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Ken322
Contributor
Contributor

I have checked with customer service. They just told me they cant do anything after a dispute with the result that the credit card issuer agreement on the chargeback. it means that we need to withstand the loss by ourselves even we have been scammed by people. Please be reminded that PAYPAL dont protect digital good and the buyer always right, especially for cycpto trading. Please dont use palpal for digital goods trading !!!

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Ken322
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Any update for your cases? How do you resolve?
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jemmarti
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Contributor

Nothing so far. Both Kucoin and paypal has not been helpful. I filed police reports online but not sure on how else to proceed as I didn't get any reply or call or whatsoever from them. Might have to go to physical police to file the report again. 

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