Topic: KYC + all your official papers being stolen and traded - page 3. (Read 1733 times)
I thought about these dangers, but still went through the KYC procedure several times. There was a choice of either losing money or KYC.
Well, at least someone wrote about it, because many investors who pass KYC do not understand that their documents will be stolen and sold. It's strange that people believe in projects that promise to secure these projects.
Thanks for this post. I will take note and be more careful when using personal information.
Experts are completely convinced of that Know Your Customer is not a justifiable approach for the majority of the tokens. Those do not own the legal support of stocks and should not have need of that process.
I really do not understand how people can just accept giving their private information to people that they do not know, especially startups. People play way too much with their identity, they do not understand that this people they are giving their information all in the name of kyc can sell their sensitive information to the highest bidder on the dark web.
This is pretty much why I won't participate in any ICO's or projects that require KYC.
I have however provided KYC proof when registering at exchanges as I understand the fact that in some jurisdictions it is a legal requirement, just have to hope that they keep the info confidential!
I really do not understand how people can just accept giving their private information to people that they do not know, especially startups. People play way too much with their identity, they do not understand that this people they are giving their information all in the name of kyc can sell their sensitive information to the highest bidder on the dark web.
why does an anonymity project even need your documents for KYC? This has to be the funniest thing ever.
My colleague at work who also participated in a KYC on Morpheus gave his obsolete postal id and an old voters id too. I told the person why did you do that he said that these are old i.d. anyway and he does not want to give out his passport. I still don't know whether Morpheus has plans to pay him since he has been bickering that for months now no bounty payment has been given to them.
KYC has apparently turned into the standard for all tasks and I have no enthusiasm for doing it. You can argue for vast ICO speculations for hostile to illegal tax avoidance purposes, yet even that conflicts with the first plan of digital money and bitcoin. What I truly have an issue with in KYC for bounties and airdrops. The client part of that doesn't bode well since I haven't given any funds.with the measure of deceitful undertakings, you would need to be insane to give that data. In the event that the measure of spam email I have gotten since agreeing to accept airdrops is any sign, you can wager that there is some shady stuff occurring with travel permits and other distinguishing proof records.
Cryptocurrencies were created to keep the transaction and the sender anonymous and let it rest hidden to anyone, but these days of ICO are asking for KYC "KNOW YOUR CUSTOMER" is really a big deal for me, why can't we keep the transaction in private and investors at anonymous? Is that what really the creator want? I thought we hate those banks and government controlling fiat and the people? but where are we now?
though on the other hand, there's a lot of ICO that failed before and some of them went out a scam and just run the money bag with them. KYC really help ICO's to be sold out and much success. I still don't know what will this lead into and will wait for future development but still be hoping that we can still keep private and unknown to anyone.
When I saw many bad businesses selling KYC materials in private, I knew we could not submit KYC materials, which became a very dangerous thing.
Because we don't know when our data will appear in the sales data.
Because we don't know when our data will appear in the sales data.
KYC has apparently turned into the standard for all tasks and I have no enthusiasm for doing it. You can argue for vast ICO speculations for hostile to illegal tax avoidance purposes, yet even that conflicts with the first plan of digital money and bitcoin. What I truly have an issue with in KYC for bounties and airdrops. The client part of that doesn't bode well since I haven't given any funds.with the measure of deceitful undertakings, you would need to be insane to give that data. In the event that the measure of spam email I have gotten since agreeing to accept airdrops is any sign, you can wager that there is some shady stuff occurring with travel permits and other distinguishing proof records.
Projects put forward their conditions for obtaining their tokens, and we (investors or members of the bounty campaigns) decide whether to accept these conditions or not. We always have a choice. What is the problem?
it is really very possible. because we all have read the news about some icos that leaked the kyc documents of the participants sold in darkweb... we can never know what they are going to do with our passport copies.
The demand is now very high so I hope we'll see some KYC blockchain solution in a few months.
Definitely we need something that we can trust to have our identities and then use it to verify to so many projects. handing over our official papers to someone we don't know is just plain stupid even though it's the only way.if theres something that could give bucks but demanding for identities, nah count me out.
The demand is now very high so I hope we'll see some KYC blockchain solution in a few months.
Wow! I never thought or view this in this light. This is a wake up call. Blockchain speaks anonymity but the introduction of KYC does not align with the rules. The problem here is that we are too afraid to speak up. If we all agree not to give away such valuable information in the name of bounty campaign maybe majorly for the crumbs we are getting. Where should the campaign against his start? How do we reach out to everyone? If there is a will, there is a way.
the fact that anonymity is broken - I agree. but it is a personal matter to send or not your data. I do not support KYC but when they say that you need to register to get the award after completion of work - nothing is left as it is necessary to pass KYC.
Some projects introduce the KYC, so that there are no bounty campaign participants who immediately sell their tokens. But I am absolutely against the KYC.
Thank you so much for this wake up call, about two months ago I stumbled on a site https://icosid.com .The purpose was for ICO startups to adopt the company as a middle man for verifying kyc to save both participants and the ICO dev from the kyc stress. This indeed could put users of the Platform identity in jeopardy. The kyc process has been abused, I avoid any ICO with kyc I'd rather wait for the coin on the exchange. Caution is key!
Be very careful sending in your passports and govt id's for KYC. Your 1 scam project away from having your identity stolen for god knows what on an international level.
Also look very closely at the "projects" asking for this. One of the major points of crypto is to be anonymous. Do not give this up. If you keep sending in your "papers" to strangers you will get burnt eventually.
Think about what the authorities will say to you when your identity has been stolen. They are going to ask why in the world you would give your personal info like this to a stranger on the internet. It makes no sense on any basic level to give your info out like this.
JPMOGAN does not even ask us for this level of identification when opening an account.
Think about it please.
If we all deny the KYC projects this invasive procedure will go away.
To anyone who has been giving your passport online you had better get a service to help protect you from identity theft as you have handed your most personal of information to complete strangers you do not know. They can use your passport for any reason including terrorist acts.
Imagine the terrorist cells starting a project and getting all the FOMO warriors passports because they got in such a rush and turned off their brain. Now you have real problems.
Good luck guys.
Also look very closely at the "projects" asking for this. One of the major points of crypto is to be anonymous. Do not give this up. If you keep sending in your "papers" to strangers you will get burnt eventually.
Think about what the authorities will say to you when your identity has been stolen. They are going to ask why in the world you would give your personal info like this to a stranger on the internet. It makes no sense on any basic level to give your info out like this.
JPMOGAN does not even ask us for this level of identification when opening an account.
Think about it please.
If we all deny the KYC projects this invasive procedure will go away.
To anyone who has been giving your passport online you had better get a service to help protect you from identity theft as you have handed your most personal of information to complete strangers you do not know. They can use your passport for any reason including terrorist acts.
Imagine the terrorist cells starting a project and getting all the FOMO warriors passports because they got in such a rush and turned off their brain. Now you have real problems.
Good luck guys.
That's comments or. Good, very supportive of you. Can hardly solve all the problems. 1 side do not want to lose identity into the hands of hackers, 1 side do not want to cheat from doing bounty. Why don't we think of 1 project management of the KYC. And security them 1 how safe shy
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