ICO scammers, Sell your uploaded KYC ID documents, adress for a lot of money. - page 7.

Fatunad

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Quote from: peter0425 on September 18, 2018, 02:03:12 PM

Quote from: Slow death on September 14, 2018, 06:50:57 PM

I'm lost here, why exactly should people make KYC to invest in these ICOs? and how do these guys from the ICOs keep people's documents? Who said people must follow KYC in the ICOs? I was very curious when I saw this thread

Quote from: noah tall on September 14, 2018, 10:17:51 AM

As good projects are trying to make money, scammers are also trying to make money.

Unfortunately such good projects are very few, because more than 70% are scam

Its because most ICO knows requires KYC's for their investors and bounty hunters. I'm not sure though when this trend started but it suddenly ballooned this year, but then again, you have to think why are they requiring KYC"s? It totally contradicts what crypto is, it should be decentralized. So I will stay away from ICO that ask for KYC, but then again, most of them are scams anyways so regardless, I wouldn't put my hard earn money on them, I don't want to regret it later because just like you said a high percentage are scammers.

Its fully contrary on why crypto is being created which is on being decentralized but with due to legality issues and when government starts to involved themselves into this market then they do require out those things to comply with the law.Some might be legit but most of them would be completely illegal or non-sense for them to require such documents.

peter0425

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Quote from: Slow death on September 14, 2018, 06:50:57 PM

I'm lost here, why exactly should people make KYC to invest in these ICOs? and how do these guys from the ICOs keep people's documents? Who said people must follow KYC in the ICOs? I was very curious when I saw this thread

Quote from: noah tall on September 14, 2018, 10:17:51 AM

As good projects are trying to make money, scammers are also trying to make money.

Unfortunately such good projects are very few, because more than 70% are scam

Its because most ICO knows requires KYC's for their investors and bounty hunters. I'm not sure though when this trend started but it suddenly ballooned this year, but then again, you have to think why are they requiring KYC"s? It totally contradicts what crypto is, it should be decentralized. So I will stay away from ICO that ask for KYC, but then again, most of them are scams anyways so regardless, I wouldn't put my hard earn money on them, I don't want to regret it later because just like you said a high percentage are scammers.

Ruslana2121

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TheGreatPython

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Quote from: lephuqui on September 12, 2018, 06:34:24 PM

Quote from: oapieNL on August 17, 2018, 10:53:27 AM

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example

This adres http://wallstyizjhkrvmj.onion where they sell that shit

We just have to lose money just to lose kyc for ico scam. So I think kc when ico is not successful is not really necessary. We have nothing to protect ourselves, no law. Too easy to make a scam behavior.

That is not what this is all about. This is about those who were a victim of a scam project and they did not just lose their funds, but their data from KYC is being sold in the dark market for a lot of money. In that vein, there is no way someone who has been in such category will not feel betrayed by the system but this is pointless. What anyone should be doing now is to focus on not falling for such in the long run. Once beaten, twice shy!

South Park

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I am terrible at Fantasy Football!!!

This is what many of us warned about this when we knew that bounty hunters and investors will have to go through know your costumer policies, instead of protecting people these policies are increasing the risk for people that want to invest in cryptocurrencies and to me it is very clear that is was made on purpose to try to reduce the strength of such projects, and like always the ones that win with the implementation of those policies are the scammers.

ngacengan

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I think that is a very terrible act because your identity is very sensitive and they can sell your identity to commit crime or whatever they want so you should be careful.

BlueStackz

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Quote from: oapieNL on August 17, 2018, 10:53:27 AM

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example

This adres http://wallstyizjhkrvmj.onion where they sell that shit

Lol this is not a new thing and it has been happening for a long time, that’s why I don’t give out my informations just like that and I don’t even get involved in ICO, I just buy Bitcoin with my money and Hodl or trade with them for profit. Giving out information to people online is very dangerous and you’re selling yourself for a cheap price.

There are lots of evil things happening in the dark web that most of us don’t know about, the world is a very big place where lots of thing happens so we all got to be very careful.

Slow death

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Leading Crypto Sports Betting & Casino Platform

I'm lost here, why exactly should people make KYC to invest in these ICOs? and how do these guys from the ICOs keep people's documents? Who said people must follow KYC in the ICOs? I was very curious when I saw this thread

Quote from: noah tall on September 14, 2018, 10:17:51 AM

As good projects are trying to make money, scammers are also trying to make money.

Unfortunately such good projects are very few, because more than 70% are scam

noah tall

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Quote from: XIANNE25 on September 06, 2018, 02:46:18 AM

Yes for me it's against my will sometimes to give information about me if I'm a little bit doubt about the project. But there's no choice but to submit documents inorder to receive tokens we bought or from bounty campaign

It is a decentralized world and it should be expected. As good projects are trying to make money, scammers are also trying to make money. It is just in the best interest of every investor and wannabe investor to ensure they do a proper diligence before even attempting to invest in a project, let alone, going the KYC way as the case may be.
Most especially when it gets to the point of KYC, I make the team my most important target in scrutinizing so as not to fall a victim of incidence like this.

frostmourne0311

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Quote from: boty on September 14, 2018, 05:03:36 AM

yes you are right it is very terrible because it provides very sensitive information like that just to get tokens that are given from ico or airdrop which requires you to complete KYC in my opinion it is a very bad act.

Yes we don't know what they will do with our information, our very sensitive information. Undecided

ophyrim

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Quote from: milewilda on August 17, 2018, 01:50:07 PM

Quote from: oapieNL on August 17, 2018, 10:53:27 AM

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example

This is the big risk when you just carelessly joining up bounty campaigns or ICO's which do ask KYC. You wont even know if they are legit or not or just pretending to launch to
get and collect users information or documentation. Checking on the price above each information do really cost good amount. This is a deepweeb url since its on .onion domain.
Im not surprised to see such thing into that place.

I agree. But every ICO asks KYC. There is only one way to join an ICO without KYC. You have to join ICO pool. But this is also risky because you are sending your money to a pool. But you can never be sure that the pool will scam you or not.

boty

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★Bitvest.io★ Play Plinko or Invest!

yes you are right it is very terrible because it provides very sensitive information like that just to get tokens that are given from ico or airdrop which requires you to complete KYC in my opinion it is a very bad act.

Xianrenbanban

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As you said, those fraudulent ICOs, bounty events and airdrops all have this problem. They use KYC to collect our privacy as a way to make money!

pinoyden

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Quote from: RandyGamage on September 13, 2018, 04:15:36 PM

Yeah this is not a good situation. we are just selling our personal information cheaply. very bad. we can't stop scammers. pathetic problem with answer-less situation.

what do you mean when you say we? not all of us are joining a kyc supported bouny/airdrop/ico , so you cant say we . maybe few of them are risking their identity to be sold online . its not threatining at all because kyc is hate by majority of people and i believe most of them wont ever participate on a kyc related activity .

besides , there are still a lot of bouny/airdrop/ico out there that we can join although there are still a risk of being scammed .

Koadharber

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Quote from: CryptoBry on September 13, 2018, 05:36:28 AM

Quote from: kram31 on August 18, 2018, 03:52:09 AM

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.

Personally, I am also concerned with all of these KYC requirements done by many ICO projects. When in fact, they are not required to do it since they are not all selling securities and bounty hunting promotion just constitute not more than 5% of the token volume and they are all distributed evenly with many participants. There must be something wrong here. I participated in the bounty of OPEN Platform and though they are in fact based in USA they never required KYC for their bounty participants...so how come those who are based in other countries are in fact the ones requiring KYC?

Not 5% but only on most common allocations with 1-2% on the entire supply or token sold on the sale.Back in the days where bounty hunters doesn't have these kind of requirements but now when fraud and scam become more rampant they tend to change the settings and now adding up KYC. Not all projects ask this thing is fraud but most of the time we aren't really sure on where these informations or documents would go as we have see on op its really disturbing to see these kind of sales.

RandyGamage

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Yeah this is not a good situation. we are just selling our personal information cheaply. very bad. we can't stop scammers. pathetic problem with answer-less situation.

Malam90

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Yes, You are absolutely right. This is very alarming as well as shocking matter for us. Many scam projects are taking our valuable documents in the name of KYC. KYC should be stopped from this Forum.

pragna

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Yea, thats a very very concerning to everybody if it going true. Everything can be happen in virtual world. Scammers are always doing research how simply they will take your money. So if a scammer target anybody he will try everything to hack money from that account. Actually there is nothing to do here whey we have to give documents to make KYC.

CryptoBry

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Quote from: kram31 on August 18, 2018, 03:52:09 AM

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.

Personally, I am also concerned with all of these KYC requirements done by many ICO projects. When in fact, they are not required to do it since they are not all selling securities and bounty hunting promotion just constitute not more than 5% of the token volume and they are all distributed evenly with many participants. There must be something wrong here. I participated in the bounty of OPEN Platform and though they are in fact based in USA they never required KYC for their bounty participants...so how come those who are based in other countries are in fact the ones requiring KYC?

Kevin77

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Quote from: badaovodich on September 10, 2018, 02:18:34 PM

You should not provide KYC, personal information, images to people or uncertain projects. Giving information means that it can be used illegally. I will not risk strangers totally on the internet just to get rewards without any value.

Giving is usually not the problem, but being careful who you give it to or where you share it to; is actually what you should be more considered about.

Yes, there have been quite a good number of projects that required KYC and these days a lot of exchanges as well require KYC, and in that case, the only thing you can do is to be very careful you have done a lot of research to know if this is a reputable place to be doing a KYC verification or not. No one can be trusted when it comes to online matters, even Facebook Inc. ended up selling people's data, so in a digital space, anything kind of goes.

Topic: ICO scammers, Sell your uploaded KYC ID documents, adress for a lot of money. - page 7. (Read 3585 times)