Topic: ICO scammers, Sell your uploaded KYC ID documents, adress for a lot of money. - page 10. (Read 3585 times)

This is a shameful job and must be immediately eliminated in this market. I feel that these are bad sectors that make the cryptocurrency market not get the attention of many investors.

Well, I'm not shock or surprise that something like this happened because the US SEC and every government involve created the KYC scheme for their selfish reason and to pokenose into crypto currency which we both know that the crypto currency hacker and scammer will seize it as opportunity.

This has become common issues now. Many documents are stolen and used for illegal act. This is really bad and even becomes worst. This is the reason many here do not wish to hand over the documents when an ICO asks to do KYC for the respective bounty or any other social media campaigns. The ICO needs to safeguard the documents.

This is very alarming to all people who are investing in such ICO and also to those bounty hunters that providing their identities to website that they are working for. Many of the bounty hunters can relate in this. So always choose wisely in bounty and in ICO because they can use your identity in other crime.

Only someone who is unwise or lacking a good sense will send his/her personal information to new site/project but I want you to know that the new site/project are not the only one who is guilty of this situations because the well used or famous site/project are also guilty of selling their user information and this is the reason why I don't support the KYC thing when it first implemented last year.

Oh my God, anything can happen. When we have to work hard to earn a living, they take their identity to make a living, so brazen and shameful to those who are doing so. After this I must carefully consider when giving my KYC to them.

For some people they do able to say such thing but when they do already on the middle of the situation they would do anything just to get those $200k on your trading account. Who the hell would let those money sit and make it as a donation to exchangers?
This would really require strong security if you do tend to have a central database on all informations being collected.

Agreed with you.

They're really crazy. Willing to do everything for easy money.

Terrifying as some people make their money. Because of that, i will certainly never send my personal data over the internet. The fear is great in me that this data is stolen. Im definitely one of the few people who have never bought anything online.

oapieNL: this is the precise reason that so much data has been compromised, so much been sold, so much being unethically used. And most of this goes on unbeknownst to either the people those data belongs to or even to the centralised companies supposedly keeping custody. They all become exposed when whistleblowers report them (refer Facebook) or when people discover their data being sold online (refer multiple stories of how healthcare data particularly are all sold online from major countries, because their health departments just left citizens data lying around for easy access).

Hackers would love this to happen too, because it makes their job of locating the data easier. You're basically painting a large target on the company, and inviting hackers to try.

IF a scam projects ask for KYC documents then your details will get probably exposed in the darknet but even in most of the counties already our details are illegally obtained and sell for money.So know about the legitimacy of the project before giving your valuable details.

I have used several exchanges over the years. I have provided a real life name and address to one exchange only, and I have never performed a full KYC or sent my documents to anyone. I have never had any coins locked behind a KYC wall or similar.

If you leave $200,000 on an exchange, and have your account locked behind mandatory KYC, then that is entirely your own fault. "Not your keys, not your Bitcoin."



No offence, but this is a truly awful idea. You want to create a single, centralised database which holds the identity and documents of everyone involved in crypto? That is a massive security risk, as well as a prime target for hackers.

This is why KYC is not a must if the ICO is not a success yet.
they also distribute the token after ICO so why do we need to do KYC at first?
Well doing KYC for investment is not a hundred percent sure for the team also.
as people can give fake information and documents.

And this is precisely what people aren't prepared for. I've been a minor victim in the past, wasn't much of a reputational damage as it was a clear impersonation, but this was why for many years I never even so much as used a pic online for social media.

Unfortunately, changing my career has forced me to use my identity online. I've so far stayed away from exchanges that require anything more than a phone number to verify, although for Localbitcoins I have verified my ID. Wish Bisq could have come sooner! Basically, remote work and being involved in Bitcoin has forced me to get to unprecedented levels of KYC and identity exposure haha. My small consolation is that my nationality isn't the most desired, and I maintain very short expiry documents deliberately (it's easy to get a renewal in my country).

But you're right. Too many people willing to part with their privacy for a fistful of dollars.

To solve a large part of this problem, all KYC / AML inspections must be done by a single central company for all countries.
Documents should no longer be uploaded via exchanges or ico websites.

Something needs to be developed from a system of a Central KYC / AML inspector. Where exchanges and ico projects can not reach this data. If the auditor has given this approval, exchanges or ico projects must then be notified that they can fully verify your account.

In this way, this problem is almost completely solved.
But it only works if all countries in the world work together so that the inspector has access to personal data in every country. so that KYC / AML can check this data with the data from the government system.

I think that KYC verification is problematic in a sense.
In particular, the fact that personal information data is stolen is suspected to be forged and used for another crime.
It is a problem to be a criminal without knowing it.


How about the idea that management will first disclose KYC verification rather than asking the user for KYC verification?

It is to make it impossible to escape fraud and make it impossible to do the same ICO and project.

We may differ in opinion. I do say that it comes from the American government. I know what I am talking about and come up with facts.

I am almost certain that you have been crypto for less than 1 year. Otherwise you could see something of change.
Bittrex, Poloniex, as an example. These are exchanges from America. People who have trade in  crypto for more than 1.5 years probably know what I mean. 1.5 years ago, these were the largest exchanges.  You could still quietly withdraw from your trading account on these 2 exchanges ,up to 2 btc without sending your id data.

Suddenly that was no longer possible around October last year at bittrex. Not much later that happened at poloniex.
You could not even take your money from your trading accounts. You were required to send all your data for AML / KYC before you could withdraw 1 cent from your account.
No, no one obliges you, no one obliges you to send your ID data. No indeed people are very stupid when you send your ID data so that you can withdraw money from your trading account. Leave that $ 200,000 on the account. They may have it for free. It only costs 500 days and a total of 8,000 hours. No indeed I agree with you.
I'd rather throw that $ 200,000 away than I'd be so stupid to send identity data to get your $ 200,000 back.

With European exchanges you do not suffer from the kyc / aml if you send and send normal and small amounts. Even with fiat> crypto and crypto> fiat transactions, I can withdraw money from and from my account to and from my normal bank account without a mandatory kyc / aml.

Well, you're talking about stupid people who leave their data behind in scam projects. to see your signature do it yourself.
check: https://forum.bitcoingambling.io/threads/beware-of-sportsbet-io-kyc-aml-requirements-possible-scam.220/ 

Well, we all knew this one comming right after the KYC was implemented. Even without the though of identity theft, we are in doubt in giving away our information, because it could be used against us anytime.  Now, bounty hunters must be very careful when they ask for KYC verification, what the OP posted is one of many examples you will end up when your identity lands in the wrong hands. I'm not gonna risks my identity with these complete strangers over the internet just to get rewards that has no value yet.

I completely disagree. It is people's own stupidity that caused their documents to end up in the hands of scammers, not some government rule. No one is forcing you to send your documents to anyone.



I'm sorry, but if you think having your identity stolen freely giving away your identity in return for a few cents worth of some trash altcoin is worth it, then no amount of new government rules are going to protect you from your own stupidity.