Sending in fake ID for KYC - page 47.

btcdiggingmaster

hero member

Activity: 644

Merit: 500

Transact Safer / Chase Better

Quote from: hoangnhungg555 on June 28, 2018, 01:41:45 AM

This happens when your data has been given out freely by some ICO's who collected your data maybe for some KYC purposes. But also people do get our info and use it as theirs and at the end our info has been submitted

Yes, you are right that's why we have to be very careful when dealing with the ICO because some fake companies will start collecting data, sharing those data to unknown users which will harm us because sharing those will leads to scam the people.

Huruharacorp

member

Activity: 392

Merit: 12

Quote from: Jack_Sin on June 28, 2018, 01:49:50 AM

I still think the purpose of KYC to buy tokens, whether companies that already get tens of thousands of data others will blame use for other purposes, I hope the data provided is not in use

so is it possible ICO project is made only to take the famous investor data and the date will they sell for their personal needs?
if that's true then the KYC process in my opinion is very harmful

liangzi123

member

Activity: 182

Merit: 10

It can only be said that the current Kyc work is still very basic and has not been completely and meticulous. Many projects just did this work, but they did not do a good job of privacy protection. There are still many risks.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Quote from: dangwapo311 on June 28, 2018, 11:24:43 PM

I have been always against kyc for you are compromising your identity online. As others said this kyc thing contradicts the main quality of cryptocurrency which is anonymity. I have been avoiding bounty campaigns which requires kyc because I don't like sharing informations about myself.

You mean the ideology.

I'm also not in favor of KYC for the team database, I think its going to be fair for those exchange to record who are making transactions but for projects doing ICO ain't something a user would want which probably the reason why they send fake IDs. In the coming years, more users are going to be blackmailed because of this KYC.

dangwapo311

newbie

Activity: 196

Merit: 0

I have been always against kyc for you are compromising your identity online. As others said this kyc thing contradicts the main quality of cryptocurrency which is anonymity. I have been avoiding bounty campaigns which requires kyc because I don't like sharing informations about myself.

katherinekamik27

newbie

Activity: 84

Merit: 0

It depends on the responsibility of developers and founders. Some very carefully check every investor and so on. And there are people who do not care, because they have so much to do.

basdjbzj8888

newbie

Activity: 88

Merit: 0

I think that the ICOs need to have a reasonable proof that you are not a citizen of the banned countries (for example, the US). So, you sent documents, confirmed that they are yours.

(o)(o)ilikeboobs(o)(o)

full member

Activity: 826

Merit: 105

Quote from: abbywem on February 18, 2018, 06:27:16 PM

I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do. It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles. How do these companies verify people if all they have to go on is public information? Did they even really check the ID's or were they simply collected the data? How rampant do you think this is? How many of us are complete fools for turning in our documents when others simply faked it. Now they have our data and the people who faked it are still secure.

NOT FAIR.

Completely not fair Sad

(
KYC was born to control number of participant because they cheated too much, used so much account to cheat, and now they even pass the KYC with the fake ID.
hope my document doesn't come into wrong hand.
or I was too silly to send my real ID?

AristoteI

member

Activity: 574

Merit: 12

Quote from: cchub on June 28, 2018, 11:20:56 AM

People who sent fake IDs are criminals. This is a known felony in every single country of the world. As far as I know, punishment to that is imprisonment.

In order to prove this, we will have to do a very great job. I do not think that this is even possible. Therefore, those who do this will most likely remain without punishment.

cchub

full member

Activity: 560

Merit: 101

Migranet ITO

People who sent fake IDs are criminals. This is a known felony in every single country of the world. As far as I know, punishment to that is imprisonment.

ngochuyen0071

newbie

Activity: 84

Merit: 0

this is really a lot of pros and cons, because I think KYC is really needed to avoid the multi account, but it is also often misused for fraud etc., therefore I hope for the future there is a solution to solve this problem

Jack_Sin

full member

Activity: 548

Merit: 100

I still think the purpose of KYC to buy tokens, whether companies that already get tens of thousands of data others will blame use for other purposes, I hope the data provided is not in use

hoangnhungg555

newbie

Activity: 70

Merit: 0

This happens when your data has been given out freely by some ICO's who collected your data maybe for some KYC purposes. But also people do get our info and use it as theirs and at the end our info has been submitted

kuilopp

newbie

Activity: 55

Merit: 0

My advice is to never send your true ID to a company you know nearly nothing of, they can sell your ID or use it to do illegal actions, so you are up to 2 choices : not taking part in the KYC and so not participating in the project and losing your potential gains or sending a fake ID and having a chance to obtain your money, so send a fake ID, you have nothing to lose and they won't be able to check every participant.

Morphing

jr. member

Activity: 302

Merit: 1

I personally do not see the big problem is to provide the correct data. If everyone sends fake information - chaos will begin.

Soranith

hero member

Activity: 798

Merit: 502

Quote from: abbywem on February 18, 2018, 06:27:16 PM

I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do. It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles. How do these companies verify people if all they have to go on is public information? Did they even really check the ID's or were they simply collected the data? How rampant do you think this is? How many of us are complete fools for turning in our documents when others simply faked it. Now they have our data and the people who faked it are still secure.

NOT FAIR.

Well this is not something new, people loves to break rules specially in the internet since you can easily do some trick and then you'll get what you want. But I do hope that those company that requires KYC will do their job to check if an ID is legit or not, I bet they just look the address and then compared it and then its done.

notoriousdumper

jr. member

Activity: 70

Merit: 1

For many clients of ICOs believe Know Your Client is inappropriate for their moderate purchase and a unreasonable liability with no use.

aenin2764

newbie

Activity: 98

Merit: 0

You know, the there should be other means to check kyc other than to turn in your legal documents to some anonymous entities. For all you know they data collected could be used in some plot against innocent people in the crypto market.

staradvincula

member

Activity: 350

Merit: 10

I just can't believe why some people are very casual in doing stupid things. What came in their mind to send fake ID's or any documents while they expecting a real income. They should have just skipped on those project that are requiring for KYC instead of doing it. Actually, I have nothing against with this policy especially in investing. I choose a real and legit project, the system and how the processes goes.

HungryTigerGrouchyCrotch

full member

Activity: 278

Merit: 100

That is absolutely tragic - I've seen this on Retainly bounty, where you had to only put some photo (as ID photo) into the browser and some people sent there pictures of their plant or cat and the browser took it as ID and they could easily earn RETN tokens.

I liked very much Shivom KYC process - I did it almost 10 times, you had to took the photo of you holding the ID and it had to be readable. Very useful idea.

Topic: Sending in fake ID for KYC - page 47. (Read 89364 times)