P2P Chargeback After USDT Release, Buyer Still Active

On 9 August 2026, I bought 172.17 USDT for PKR 48,845 by way of Binance P2P. The customer paid, I launched 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 foremost account and debit card have been suspended and funds I had already transferred to my other account and my father’s account have been additionally frozen

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

He advised me NOT to inform the financial institution it was a Binance P2P transaction and recommended I say the cost was for a web-based mobile-phone purchase as an alternative

I reported him to Binance around 2-Three October and submitted the proof. As of 7 October, his P2P profile still seems lively and he still appears capable of trade

I perceive investigations take time however that is the half I do not perceive. I'm dealing with frozen accounts and blocked funds over a completed Binance trade, while the individual I reported appears to be carrying on normally

I've the finished P2P order, proof of cost and USDT release, financial institution 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 history and may verify what happened

What I need to know is why an account concerned in a grievance like that is still apparently allowed to keep buying and selling whereas the investigation is ongoing

Has anybody here dealt with one thing comparable? Did Binance truly help with the bank dispute?