Topic: [ANN][ICO] KYC.legal - Blockchain identity verification (Read 44342 times)

Hi all. I was really interested in this KYC.Legal, and this tread has scared me a bit by saying it's a scam. Has there been any update? Is it officially a scam?

That means this project is dead, the domain already redirected you to the casino webpage and it may already sold to the someone who owned the casino.
This project was a crap project and full with BS. we don't need to verify our KYC on crypto while everything was decentralized.
Marked this as another shitscam dead project.
We have civic and it's more than enough.

Webpage https://kyc.legal/#media  send you to a Casino webpage...WTF  

maybe you are right, I tried to see social media twitter and there were no users with this project,
how was the KYC.legal situation. Now, I'm sad that the team will come soon

Any news KYC?

Project still alive? Looks like a Scam. In the chat there is almost no activity and all the words of the developers are more like excuses

I would also like to sell my tokens. But there is only one problem. Now they do not need anyone and probably the project turned out to be fraudulent

Their site may be still working, because hosting may be prepaid for years to come. It's amazing how easily ico projects collected their huge cups during ico boom with only whitepaper, with no mvp or demo. And now everyone understands KYC.Legal was a typical scam, and no one had not been brought before a judge.

So is it a scam or what? I tried going to their website (https://kyc.legal/) and it's still working. also, the app is still available on playstore.

interestingly PayDayCoin (which in itself looks dubious), recently announced a partnership with KYC.Legal

http://www.cbs8.com/story/38767487/payday-coin-and-kyc-legal-bring-blockchain-security-to-micro-lending

KYC.Legal now mentions PayDayCoin on their website under the partners section. Pretty sure that's new.

Update they have now deleted facebook content.  https://www.facebook.com/kyclegal/ now shows an intellectual rights company based in Malaysia.  All comments recent.   This is called covering your tracks.   This appears more to be like criminals on the run burying evidence.   The facebook page was not left silent but actually overwritten with new material.  This was done within 2 weeks and probably within last few days.

Gigawatt was sued by SEC for securities fraud in January 2018.  https://news.bitcoin.com/bitcoin-mining-ico-giga-watt-sued-securities-fraud/

How is this relevant to KYC Legal?  It gives me hope for closure.  The KYC Legal chief strategist and listed KYC Legal core team member was the lead marketer for Gigawatt.  

More importantly, one of the core KYC Legal team members live within US jurisdiction; another lives in Canada.     I now believe it is appropriate to file a complaint with the SEC.  If you believe you believe you were scammed we should talk and get the facts straight and collect documents.  I have given the KYC team 2 weeks to respond with no reply.   The tokens were not listed on July 1 as promised.   They sold securities.  This is fraud as I understand it.  It is unfortunate, I did not keep the chat names from Telegram for those of you who want some closure to the feeling of being defrauded.

Please help collect some documentation to make a filing easier.   goto thread https://bitcointalksearch.org/topic/kyc-legal-scam-or-not-observations-4661018 and indicate your telegram ID so you can be added to the group Telegram board.      The existing Telegram group for KYC Scam concerns does not allow people to write posts--not helpful.

But still it seems to me that they could allocate time to respond. A serious team can not so treat its investors

https://deadcoins.com/entry/1670/?gvid=1308

KYC Legal listed on deadcoin list now.   Since there was a pattern of deceipt (my interpretation of their actions and statements regarding listing the coin on an exchange in their official telegram groups) before they went dead as opposed to just dying from bad business decisions (i.e. typical failed business), I believe there is a case for legal complaint for fraud should they have actually abandoned the investors.   I believe if you are in the same boat as me (feeling like you got scammed), we should try to get a direct response from the team; at the least they should post a public response on BCT


See new thread if you feel like you were scammed
https://bitcointalksearch.org/topic/m.42074242

Except for the founder, all resume links have disappeared or they have erased any connection to KYC Legal.   The Founder appears to have links to San Francisco, CA.  

The erasing of any links to KYC Legal by founders so quickly leaves me no doubt, combined with all means to contact the team on all social media, this is a genuine scam.  Mr. Daniil Rousov has every opportunity to correct the facts if this is wrong.   I doubt you will ever hear from him except to sell his new token under Global Identity (a service company for KYC Legal).   I traced every link and connection for a means to contact the team and found none.  However, there is a means to buy Mr. Rousov's new token.

Just an update.  Someone else had started a telegram users group https://t.me/kyclegalscam that seems to have more info.   I will close the other group that I made as it seems best not to have duplication and the other guy was first.   

I want to sell my KYC tokens. I have 640 tokens. Price is 0.5 $

If there is really a US based office, perhaps.  I don't think we will ever get our money back whether this is a scam or not.  If not a scam, it is clear they don't care about investors and did  not make a good faith effort to give the token value.  If  members of team are US based, I believe failing to, in good faith, meet promises for raised funds warrants a complaint to SEC (just my understanding...maybe there is a better way). Still exploring possibilities.  I know there were many unhappy lyclegal investors asking questions on the telegram group before they closed it; hopefully one of them has a better sense of what to do.

Absurd.


The team advertised they have offices worldwide.  Should all of the offices go on vacation at the same time?   Does an ICO take 30M USD in investment and then go on vacation and not put a notice on its webpage?

Why did the team never respond to requests for their addresses worldwide?

Why did the team set up an in-appearance=only exchange site called tokenswap and claim they had no affiliation.  Those that sent tokens to the site were told they would get paid in several weeks.  Nobody on the Telegram group reported receiving a payment.   This site rarely works and it appears to be intemtionally non-functional as I reported the problem to them several times with no response.

Why did the team start selling a new token with the promise if you buy the token you would get work for which you would be paid?   No information about payment or work terms but you can buy more tokens.  

The links from their homepage to telegram were removed at the same time the telegram groups were removed, so this not a glitch.

I looked up one of their advisors -- Allan Young of Richmond, CA.  Impressive credentials and on his webpage and you can, apparently, apply for him to be a free advisor for an ICO.  see it here http://www.techfuturesgroup.org/tech-futures-group-application/   This guy lists tokens he supports here http://www.techfuturesgroup.org/client-profiles/   notice you cannnot find KYC Legal listed.  Perhaps this is listed somewhere else, but the free advisor angle looks like a resume for hire -- and only the resume.   I will send an email to the fellow and remove this message if i get a response.

The team's attitude towards investors is terrible. But there is still hope that the team will begin to be active. It's summer and they could go on vacation.

I also think this is a big SCAM. Is there something we can do to at least report them to authorities?
Joined T.me/KYCLegalScamSupport.