KYC Data leak - page 3. | Bitcointalksearch.org

r95222

full member

Activity: 532

Merit: 100

Quote from: BigBoy89 on March 24, 2018, 03:41:02 PM

Quote from: BitLendingClub on March 24, 2018, 03:34:15 PM

Quote from: refaelsh on March 24, 2018, 03:20:57 PM

Quote from: Boristhecat on March 24, 2018, 12:22:08 PM

Judging by the comments, those projects that introduce KYC seriously reduce the number of their potential participants.

This has its advantages... The number of bounty hunters has greatly increased in recent years. And about the vulnerability: identity theft is not the worst thing that could happen.

Some investors not see in KYC nothing illegal. And they can don't understand all dangerous for their docs. But I always surprise which goal of KYC for bounty? We do not pay nay money that can be 'dirty'. But why??

It doesn't matter if it's illegal or not. The most important is that all the data you give is going to a database. Who know what happen with this database after that. Who is going to buy it and is going to use it for?

It's so. But illegal or looks legal is important how ordinary investor makes a decision. You are not in the darkweb. All projects looks clear and promising. That's why KYC looks as ordinary procedure

BigBoy89

legendary

Activity: 1512

Merit: 1011

Quote from: BitLendingClub on March 24, 2018, 03:34:15 PM

Quote from: refaelsh on March 24, 2018, 03:20:57 PM

Quote from: Boristhecat on March 24, 2018, 12:22:08 PM

Judging by the comments, those projects that introduce KYC seriously reduce the number of their potential participants.

This has its advantages... The number of bounty hunters has greatly increased in recent years. And about the vulnerability: identity theft is not the worst thing that could happen.

Some investors not see in KYC nothing illegal. And they can don't understand all dangerous for their docs. But I always surprise which goal of KYC for bounty? We do not pay nay money that can be 'dirty'. But why??

It doesn't matter if it's illegal or not. The most important is that all the data you give is going to a database. Who know what happen with this database after that. Who is going to buy it and is going to use it for?

SiDtHeBeSt

full member

Activity: 420

Merit: 106

Well, I think this data leaking might be an important problem and it might lead to various problems for the other ICOs as well. As more numbee of people come to know about this, a lot of them might seriously stop investing in ICOs. There have been a lot of bad news about ICOs recently like the ad bans in social medias and I think this might add to them.

dolcefarniente

full member

Activity: 616

Merit: 100

As far as I know, the fulfillment of the requirement of passing the KYC procedure is mandatory only for companies and investors from the United States. In addition, bounty hunters should not pass KYC at all.

BitLendingClub

full member

Activity: 378

Merit: 101

Quote from: refaelsh on March 24, 2018, 03:20:57 PM

Quote from: Boristhecat on March 24, 2018, 12:22:08 PM

Judging by the comments, those projects that introduce KYC seriously reduce the number of their potential participants.

This has its advantages... The number of bounty hunters has greatly increased in recent years. And about the vulnerability: identity theft is not the worst thing that could happen.

Some investors not see in KYC nothing illegal. And they can don't understand all dangerous for their docs. But I always surprise which goal of KYC for bounty? We do not pay nay money that can be 'dirty'. But why??

refaelsh

full member

Activity: 308

Merit: 100

Quote from: Boristhecat on March 24, 2018, 12:22:08 PM

Judging by the comments, those projects that introduce KYC seriously reduce the number of their potential participants.

This has its advantages... The number of bounty hunters has greatly increased in recent years. And about the vulnerability: identity theft is not the worst thing that could happen.

Faeton

member

Activity: 308

Merit: 11

Quote from: flowers5 on March 12, 2018, 12:01:40 PM

And this is how your passports get on the dark web.

https://thenextweb.com/hardfork/2018/02/07/sentinel-chain-ico-leak-passport/

Checking with the transfer of the ICO team our identification data and a copy of the passports looks generally very stupid, as we as participants in the signature campaign do not invest in ICO projects. In order for this forum to advertise ICO projects, there is absolutely no point in providing this data. Now, to whom do we provide this data, if about 902 of the ICO campaigns were about a third fraudulent? It is absolutely natural that such data is then used for some bad purpose or even exhibited for general review. It is necessary to boycott such ICOs that require such a test. Perhaps you need to take some other active action.

Lerikaweb

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Activity: 392

Merit: 12

The Fourth Generation of Blockchain in DeFi

It will be better to buy any tokens you like from an exchange right after bounties are paid. It will be twice as cheap as during the ico, and nobody makes you disclose any personal data.

debuni

legendary

Activity: 1162

Merit: 1002

Quote from: flowers5 on March 12, 2018, 12:01:40 PM

And this is how your passports get on the dark web.

https://thenextweb.com/hardfork/2018/02/07/sentinel-chain-ico-leak-passport/

Thats why I never invest in ICOs what wants my personal data. This is a crypto world and it must be simple - choosing a project and sending ETH. That's all.

And some people are giving their passports for airdrops...

btcjoin14

hero member

Activity: 891

Merit: 500

Quote from: Boristhecat on March 24, 2018, 12:22:08 PM

Judging by the comments, those projects that introduce KYC seriously reduce the number of their potential participants.

If the project is not worth doing then you could just skip out on the KYC. It's a known fact that they could sell the information to someone.

waaat?

full member

Activity: 574

Merit: 104

Guys, use special services. I think we need one or two dedicated services for KYC that will make all procedures. And it will save data as secure as possible. I hope project in my signature is one of such future services.

cryptosifu

sr. member

Activity: 378

Merit: 251

Quote from: flowers5 on March 12, 2018, 12:01:40 PM

And this is how your passports get on the dark web.

https://thenextweb.com/hardfork/2018/02/07/sentinel-chain-ico-leak-passport/

This is the main reason why I have avoided all ICO's that require KYC verification. It's not worth the risk and ICO's are not guaranteed to generate profits. Sometimes it's just cheaper to wait and buy them off of the exchanges.

skip60

sr. member

Activity: 630

Merit: 253

this is the problem with ICOs, and main reason why people dont join any of these verifications

they prefer to buy from exchanges

because you wont know how these people will use your IDs into something else

if you insist on contributing ICOs, better to have a fake ID

rumexx

full member

Activity: 476

Merit: 100

Quote from: flowers5 on March 12, 2018, 12:01:40 PM

And this is how your passports get on the dark web.

https://thenextweb.com/hardfork/2018/02/07/sentinel-chain-ico-leak-passport/

This is becoming an issue of security. What is the use of asking Bounty hunters to do KYC . I do not understand this, Hunters did not participate in the ICO, rather they only help in promoting the project. And most of them now are attaching bounty payout to doing KYC

Almasani

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Activity: 854

Merit: 102

Quote from: flowers5 on March 12, 2018, 12:01:40 PM

And this is how your passports get on the dark web.

https://thenextweb.com/hardfork/2018/02/07/sentinel-chain-ico-leak-passport/

This is what all ICO participants are concerned about. If the use of KYC may result in the use of personal or damaging data.

Tactical Genius

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Activity: 434

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Leading Cryptocurrency and Blockchain Company

Quote from: flowers5 on March 12, 2018, 12:01:40 PM

And this is how your passports get on the dark web.

https://thenextweb.com/hardfork/2018/02/07/sentinel-chain-ico-leak-passport/

I have always had a problem with how ICOs ask for KYC documents and how they protect them from getting into the hands of unauthorized persons.that's very sad to say the least.

Singwala

sr. member

Activity: 462

Merit: 260

This is an example that KYC should not have for bounty hunters, investors with ICOs! Because our personal information can be used with evil. Even if we say that ICO's clean room is clean, it can be stolen from them! So we are careful about giving our personal information. And it's better not to give anyone here on the internet.

Bitmedrano040117

sr. member

Activity: 462

Merit: 251

If you sent your data to someone on the Internet and do it regularly, then the chances that they will not be in the third party will tend to zero. The question is how to protect yourself from the undesirable consequences of such actions.

voxdu12

member

Activity: 322

Merit: 10

EndChain - Complete Logistical Solution

I hate kyc because of this, it's a double-edged sword, on the one hand it's a good hindrance to money laundering and other crimes, but at the same time your data may be in the hands of scammers and it's not known how they can use them

icalical

sr. member

Activity: 1400

Merit: 268

Fully Regulated Crypto Casino

Yeah KYC is very common right now. Even in something like airdrop. An unbelievably people just want to give away their rightful identification documents for just a few dollars. In fact we don't know whether the company truly securing our data or not. I think people are just need to be more careful with their identity

Topic: KYC Data leak - page 3. (Read 800 times)