Topic: Sending in fake ID for KYC - page 57. (Read 89308 times)
I agree what you say, the company that receives the KYC should be careful to check the incoming identity data, because if it is still like that, it is unfair to the person sending the real data.
This is really a question about the legitimacy of KYC, we all know from a fact that KYC can be easily done without sending your real identity. Some people send fake documents for their own purpose, eg. Security and disclosure of their identity, I myself don't want to get involve in KYC that's why I prefer to buy in exchange than in ICO, but now looks like more exchange might require KYC for their costumer. The problem now how can they validate if the submitted ID's are real?
I personally don't like this idea but in reality this is happening. Most of KYCs just needed a photo id and selfie with it. Many people are selling their identity for people that are usually restricted in ICOs like USA and china for example.
KYC is sucking your personal data, be careful to send the doc,.I
Remember its not illegal to hand your friend a fake ID. The KYC process is absurd as there is no way in hell they know who is on the other side of the ethernet cable.
Only fools send in real docs. Only fools
Actually yes. Onky fools send the real docs. But for me i dont have any abilty to make the fake one. Remember its not illegal to hand your friend a fake ID. The KYC process is absurd as there is no way in hell they know who is on the other side of the ethernet cable.
Only fools send in real docs. Only fools
So i force myself to send my real one. I feel not comfortable with this but i could not do anything. I must do it if not then i will loss money
Then you are risking yourself for an identity theft. There'a very high chance it will leak after a months or years because only few projects give importance to security. The ICO management is really just after the money so they don't care if the id it's fake.
KYC is sucking your personal data, be careful to send the doc,.I
Remember its not illegal to hand your friend a fake ID. The KYC process is absurd as there is no way in hell they know who is on the other side of the ethernet cable.
Only fools send in real docs. Only fools
Actually yes. Onky fools send the real docs. But for me i dont have any abilty to make the fake one. Remember its not illegal to hand your friend a fake ID. The KYC process is absurd as there is no way in hell they know who is on the other side of the ethernet cable.
Only fools send in real docs. Only fools
So i force myself to send my real one. I feel not comfortable with this but i could not do anything. I must do it if not then i will loss money
I send my ID only for good exchanges. Although i am very regret about that.
Sending an ID for KYC is the stupid things. Its' very dangerous if some bad guy know you details profile. You can send fake ID if you want, although i don't agree with that.
Yeah, KYC is very fragile. I am affraid our data is misused by someone. You should scan ID card. Better find ICO with no KYC or KYC with only phone number. I think wehn KYC is forced more crytpto users tend to move to more anonymous mode to invest. Sending an ID for KYC is the stupid things. Its' very dangerous if some bad guy know you details profile. You can send fake ID if you want, although i don't agree with that.
That's why I don't believe KYC procedure. I have seen many spammers in a few days to submit a fake profile. Most of spammets stole people's identity, and they submit it for KYC. I think project owners should be more strict or they should use Icosid KYC system. Ivosid is a very good option to prevent fake KYC.
It is a gamble to send fake data and find your account frozen at a later point of distribution. For sure not an easy task checking IDs from dozens of countries.
Yes i agree with you mate nothing bad to sent real identification for the kyc requirement becuse if have no hiiden agenda there nothing to scared sending real ID. Sending of fake id have a risk becuse have a lwa about that fake ducoment and that is a criminal offense.
Usually, sending fake IDs to KYC is not easy, because fake IDs are generally easy to find on the Internet. If more than 1 user with the same ID, then their account will be banned by the ICO project. Therefore, to be safe, it is absolutely necessary to obtain accurate information from the individual ICO participant. And I think KYC bounty really is not necessary.
I hope in doing KYC we must be careful because we will not know for the future. That our personal data will be used for what. And I think to avoid a project using KYC for participants to join.
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
I'm not worried about the paperwork at all. I have 2 passports, as I have the citizenship of the two countries formally. But always leave already those data that are not legally valid, but for verification are excellent. In General, it is necessary to choose projects with a normal reputation, so that your data does not go into other hands, or at least minimize the risk. Do not participate in projects with a suspicious reputation, IMHO.
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.
They don't really care because this KYC is just a formality to comply with the regulation. No wonder why selling personal information in darkweb is so rampant. I just hope those who pass their information will not turn into a wrong hand. NOT FAIR.
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
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.
there is an opinion that most airdrop spend just in order to collect your personal data and sell for " dark Affairs"
As for me, it is a big threat to share personal information with unknown people. No one knows where they are stored and for what purposes they can be used. There is no guarantee that the data is securely stored.
Just goes to show the quality of this "Bob's" and "Polymath" project. Real companies like crypto exchanges are far more diligent on doing KYC. I even got rejected twice and was asked to re-upload my documents on a certain exchange.
Don't fake your KYC especially for real projects. Unless you want to lose all your money.
Don't fake your KYC especially for real projects. Unless you want to lose all your money.
I think there are some procedures that staff/admin only check a certain part of a data (kyc) means that not all in meticulous with detail,this is what make people to verify with a fake ID and from negligence is sometimes even honest so get carried away and come receive the impact,either banned ip or country.But not all admin/dev,there are still many who carefully in detail the overall kyc
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.
Many campaigns I participated don't accept documents which were processed by Photoshop-like applications. Even if you just compressing file size to fit into the limit. So it's not so easy to fake your ID. NOT FAIR.
Here's an opinion on this from Twitter, which was supported by many, including myself
https://twitter.com/MattoshiN/status/999277236934111232
"Why is it that participation in ICOs building 'revolutionary decentralised platforms' almost always seems to require submitting personal data for KYC/AML purposes into their centralised servers?"
Excellent! Agreed. That's why investors have many ways to pass https://twitter.com/MattoshiN/status/999277236934111232
"Why is it that participation in ICOs building 'revolutionary decentralised platforms' almost always seems to require submitting personal data for KYC/AML purposes into their centralised servers?"
And KYC is not for ICO team. KYC is for governments and banks. Else project team can get much problem because they all live in the real world not in crypto only.
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