There are not a lot of options, some exchanges will allow you to trade till certian level is met and only then ask you for your KYC. And BTW Binance has high threshold till they ask for KYC. There are few anonymous "decentralized" exchanges out there, but they dont have the liquidity of the large exchanges.
It is true that the liquidity in these decentralized exchanges are not that great and with the regulations coming up we need to have strict actions being taken against exchanges who does not take care of the personal documents we are producing and if the regulatory body start giving out hefty fines like they did with facebook, every exchange will have a better security in taking care of their customer documents. 
Topic: Binance hacked again 10k+ KYC (FACEBOOK 2.0 LEAKAGE) (Read 720 times)
Wow. Every binance users are now a stock image. Or they would be illegally used until their value becomes zero. That is less of concern when governments can now track the users based on the nationality and take them in custody confiscating their funds. Many of the countries Binance allowing at the moment have strict ban on crypto tradings.
This cries out low why we should campaign against KYC and use exchanges that doesn't ask for one.
This cries out low why we should campaign against KYC and use exchanges that doesn't ask for one.
What are you even trying to say besides not using KYC exchnages?
There are not a lot of options, some exchanges will allow you to trade till certian level is met and only then ask you for your KYC. And BTW Binance has high threshold till they ask for KYC. There are few anonymous "decentralized" exchanges out there, but they dont have the liquidity of the large exchanges.
Wow. Every binance users are now a stock image. Or they would be illegally used until their value becomes zero. That is less of concern when governments can now track the users based on the nationality and take them in custody confiscating their funds. Many of the countries Binance allowing at the moment have strict ban on crypto tradings.
This cries out low why we should campaign against KYC and use exchanges that doesn't ask for one.
This cries out low why we should campaign against KYC and use exchanges that doesn't ask for one.
No. Your KYC information doesn't give anyone access to your accounts. If that was possible your friends and family who know your name, birthday, names of your parents and other things would be able to steal from you.
KYC information is used only because there are money laundering laws and they need to verify that one person is not using 10 or more accounts and that the name used to register is not stolen. They don't use this data to secure the account.
Have you approached a bank or any financial services when you are not able to log into your account and even with exchanges and fiat based gambling sites, to verify you are the real person behind the call they will ask some basic things which are submitted through KYC like your date of birth and other personal details and if you are able to convince the support team, they might give the access to you or will provide further details about the balance you are holding in the account and so on, identity theft is a major issue everywhere and if these details are out in the public,it will be easier for criminals to take advantage of these sensitive information. KYC information is used only because there are money laundering laws and they need to verify that one person is not using 10 or more accounts and that the name used to register is not stolen. They don't use this data to secure the account.
I have been reading that Huobi users personal data was also stolen
There is possible to buy stolen id scans for 0.35 $ on Chinese dark web
And how we can trust exchanges and give them our personal data
There is possible to buy stolen id scans for 0.35 $ on Chinese dark web
And how we can trust exchanges and give them our personal data
This is very dangerous submit docs to CEX. As all this users data can be used by some criminal elements.
Its a time for DEX exchanges. Idex supports only ERC tokens, but may be some new cross-decentralized exchanges like ViteX will improve this situation...
I have been reading that Huobi users personal data was also stolen
There is possible to buy stolen id scans for 0.35 $ on Chinese dark web
And how we can trust exchanges and give them our personal data
There is possible to buy stolen id scans for 0.35 $ on Chinese dark web
And how we can trust exchanges and give them our personal data
This is very dangerous submit docs to CEX. As all this users data can be used by some criminal elements.
Its a time for DEX exchanges. Idex supports only ERC tokens, but may be some new cross-decentralized exchanges like ViteX will improve this situation...
I have been reading that Huobi users personal data was also stolen
There is possible to buy stolen id scans for 0.35 $ on Chinese dark web
And how we can trust exchanges and give them our personal data
There is possible to buy stolen id scans for 0.35 $ on Chinese dark web
And how we can trust exchanges and give them our personal data
Can't they invest enough in security, I don't understand
They don't want to invest in security because behind the scene, the hackers are their own employees lol I mean it's 2019, do you seriously believe all these exchanges actually get hacked? It's just a way to escape the system, escape the customers, escape the laws with an excuse and no fines at all. They call it an exit scam.If anything, it is extremely bad PR for them, and drives people away from using them.
Meanwhile the data itself really has little to none intrinsic value as most of it is already used and timestamped. (Most pictures at least.) So, really, it's only good for blackmailing.
lol, this looks just like another exchange selling its users' KYC documents on the dark market and pocketing the money then pretending it was a hack. they have good excuses for it too since they got hacked a while ago and they are linking this to that.
how many times these centralized exchanges have to sell our personal data before we at least stop using them for altcoin versus bitcoin trades and only stick to them when fiat is involved?
how many times these centralized exchanges have to sell our personal data before we at least stop using them for altcoin versus bitcoin trades and only stick to them when fiat is involved?
https://www.theblockcrypto.com/tiny/binance-brought-in-78-million-in-profits-in-q1-up-66-quarter-on-quarter/
Why put your reputation on the line for a couple thousand KYC pics while your quarterly profits are 78 million? Doesn't add up
Can't they invest enough in security, I don't understand
They don't want to invest in security because behind the scene, the hackers are their own employees lol I mean it's 2019, do you seriously believe all these exchanges actually get hacked? It's just a way to escape the system, escape the customers, escape the laws with an excuse and no fines at all. They call it an exit scam. 
1/ This is old news!
2/ People should prioritize what really matters: has anyone lost any coin in this affair?
I understand ID theft is a serious problem, but the things a thief can do with a picture of yourself holding your ID is quite limited. What else has been stolen? Credit cards numbers? I'm using Binance from time to time, and after what Poloniex did to me (see my signature), I don't see this as a big issue.
2/ People should prioritize what really matters: has anyone lost any coin in this affair?
I understand ID theft is a serious problem, but the things a thief can do with a picture of yourself holding your ID is quite limited. What else has been stolen? Credit cards numbers? I'm using Binance from time to time, and after what Poloniex did to me (see my signature), I don't see this as a big issue.
1/ Old news with new information
2/ Every sensitive information is important and the more of them leak, the more a person is at risk of being a victim of fraud as they are more susceptible to more attacks compared to a person who only has email addresses and such leaked.
Like in this case, scammers can even use the leaked info to get more information like approaching you in social media-- huge number of ppl still have their full names on it.
1/ This is old news!
2/ People should prioritize what really matters: has anyone lost any coin in this affair?
I understand ID theft is a serious problem, but the things a thief can do with a picture of yourself holding your ID is quite limited. What else has been stolen? Credit cards numbers? I'm using Binance from time to time, and after what Poloniex did to me (see my signature), I don't see this as a big issue.
2/ People should prioritize what really matters: has anyone lost any coin in this affair?
I understand ID theft is a serious problem, but the things a thief can do with a picture of yourself holding your ID is quite limited. What else has been stolen? Credit cards numbers? I'm using Binance from time to time, and after what Poloniex did to me (see my signature), I don't see this as a big issue.
Embarass you by posting your picture, looking awkward by holding your IDwith a note, in a "hot or not" website. Look at Peter Schiff up there. Hahaha.
1/ This is old news!
2/ People should prioritize what really matters: has anyone lost any coin in this affair?
I understand ID theft is a serious problem, but the things a thief can do with a picture of yourself holding your ID is quite limited. What else has been stolen? Credit cards numbers? I'm using Binance from time to time, and after what Poloniex did to me (see my signature), I don't see this as a big issue.
2/ People should prioritize what really matters: has anyone lost any coin in this affair?
I understand ID theft is a serious problem, but the things a thief can do with a picture of yourself holding your ID is quite limited. What else has been stolen? Credit cards numbers? I'm using Binance from time to time, and after what Poloniex did to me (see my signature), I don't see this as a big issue.
I think this is old news not recent.
Yes, it is, and Binance said the same stuff. nevertheless, they also say that the information will be checked again, which can be a hint for the attack. Do not you think that there is a very close connection between this stuff and the recent event on Binance - Hubble hardfork? It is supposed that now, they will be more protected and secured, and fake news might be an attempt to mock at them.
The one guy has his print exposed, he can now be pinned for murder he didn't even do.
do you really need to submit fingerprints to complete binance KYC? If yes then most of the barcodes can be read from those pictures ?
In anycase Binanace is in deep s*it, the best outcome for them is to pay the hackers. If not , all of those people can sue them and get them to pay them .
Depending on the outcome, it is interesting to think how many hacks they can afford before they will start to have financial problems.
Guys, I’m interested in one question today. Is it possible that if someone gets access to my passport data, including photos of my documents, then he will be able to access the accounts of the exchanges where I provided my KYC ? If so, then I should reconsider my views on where they require me to provide KYC.
No. Your KYC information doesn't give anyone access to your accounts. If that was possible your friends and family who know your name, birthday, names of your parents and other things would be able to steal from you.
KYC information is used only because there are money laundering laws and they need to verify that one person is not using 10 or more accounts and that the name used to register is not stolen. They don't use this data to secure the account.
Guys, I’m interested in one question today. Is it possible that if someone gets access to my passport data, including photos of my documents, then he will be able to access the accounts of the exchanges where I provided my KYC ? If so, then I should reconsider my views on where they require me to provide KYC.
https://blocktv.com/watch/2019-08-07/5d4a8ff74f258-binance-says-it-is-being-extorted-over-leaked-client-data-
Read the first sentence of the bitcoin white paper if you are effected by this.
https://www.youtube.com/watch?v=dgH-Kd9Tsew Großer Binance KYC Leak!
I am not sure this is a recent news and I don’t know where this information is coming from now, I have not seen any of this recently, and the last rumor I heard about this KYC hacking was a year ago, well, I am sure that Binance will make an official statement as regards this. If this is really true, that will be bad because people’s data will really be in jeopardy and could be used for illegal stuff.Read the first sentence of the bitcoin white paper if you are effected by this.
https://www.youtube.com/watch?v=dgH-Kd9Tsew Großer Binance KYC Leak!
I am glad that I don’t fall among the group of people that have KC submitted on Binance, ever since I have been using Binance, I have never gotten above the pass line of those that do not require KYC, I have not traded above that limit. The only exchange that I can say I have my KYC on right now is my local exchange and that is so close to me that I would sue them if anything of such happens to me.
...but if your identity is stolen i dont think that you can still grab them back .
Exactly, what gets into the Internet remains there forever and for sure the scammers will use it for their own purposes
This is only a rumor that something like FUD to make Binance in bad shape. In fact Binance market is currently surging which means that the Binance crypto users did not believe about this news. Here is the link https://www.ccn.com/news/binance-coin-bnb-surges-11%25-fud-hack-rumors/2019/08/08/amp/
i guess so because ive never seen a news like this on my browsers feed aside from this site but if kyc is the only thing that have been hacked then this shouldnt have any impact of the value of cryptos but peoples personal kyc can be in great danger . the hack that happened before from binance is i think better than this one because cryptos can be replaceable if stolen but if your identity is stolen i dont think that you can still grab them back .
^
lol I don`t have any merit but thanks for the chuckle. +1
I mean peter schiff is right to hold gold, we as a species will be buying back all the gold with bitcoin in the future.
It also says it in the constitution that all the debts must be paid back in gold. There is a lot of debt.
The constitution in Article I, section 10 reads "No state shall...coin money, emit bills of credit, make any thing but gold and silver a tender in payment of debts..."
Land will be worth more than gold in the future, but 1pound of gold will be worth more than 1bitcoin.
I am talking like long long term.
lol I don`t have any merit but thanks for the chuckle. +1
I mean peter schiff is right to hold gold, we as a species will be buying back all the gold with bitcoin in the future.
It also says it in the constitution that all the debts must be paid back in gold. There is a lot of debt.
The constitution in Article I, section 10 reads "No state shall...coin money, emit bills of credit, make any thing but gold and silver a tender in payment of debts..."
Land will be worth more than gold in the future, but 1pound of gold will be worth more than 1bitcoin.
I am talking like long long term.
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