Well done KYC. - page 10. | Bitcointalksearch.org

Nrcewker

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Quote from: Oshosondy on September 23, 2024, 02:14:11 PM

Very bad. He killed the girl and still collected ransom.

Sadly, this happens every time. Whenever I read about someone’s kidnapping, the next story is that they died in the hands of the kidnapper. The kidnapper killed the victim in order to erase all the evidence and eyewitnesses.
Regarding the KYC, then this was only an exception case, I would say. But many times legit and genuine people face difficulties doing the KYC. The process of KYC should be different, according to me. While registering a casino, only the real name should be asked by the casino. If the deposit comes from that name only, then you are free to use the funds, but if the deposit comes from a different name, then force them to undergo KYC. This will reduce the KYC complications, and the legit people can hide their identity.

Hirose UK

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Yes, that is the use and also the benefits of KYC where it can be very helpful to be able to find or at least solve the problems that occur, but still some people consider it as something that is damaging to privacy and anonymity.
In the case that happened and you told it can also be lesson for everyone that KYC can make casinos suppress and decide various criminal acts committed by someone if they involve gambling sites against crimes that have been committed, so that someone will think twice if they want to involve gambling sites.
There have been many cases of money laundering before and indeed on average using gambling sites to cover the traces of the money they get, but now there are fewer cases of money laundering and KYC is really effective in suppressing all crimes like this.

seoincorporation

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This is a crazy history, i totally understand is a legit story, but the fact that the murder acted like that is nonsense, he asked for the money to be deposited on the casino and then had to do KYC, that's a really stupid way to act if the goal was to hide the trace of the money. But I'm glad he acted that way and the fact that the police found him with those documents.

He deserves to spend the rest of his life in jail, and it's the first time that i see something like this happen with a KYC process, at least this story shows us the importance of KYC and how it can benefit society even if we all hate that process.

Julien_Olynpic

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It is great that in this case KYC helped to detain the criminal, but here we see KYC only from one side, from the positive one. However, in some cases KYC itself can facilitate crime rather than prevent it. We know of cases where confidential information has leaked onto the Internet, and in this case this information could have fallen into the hands of criminals. Let's say you won a large sum at a casino, passed KYC and your data fell into the hands of criminals. You may well be robbed, killed, or you may become a victim of blackmail or extortion. Therefore KYC is always a very controversial and ambiguous phenomenon.

GreatArkansas

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Quote from: Darker45 on September 23, 2024, 09:03:32 PM

Is this enough, however, to therefore require everybody else to undergo KYC? Suppose the criminal didn't have a KYCed account on SportyBet, would he have gotten away with murder?

Although KYC has indeed helped in this case, I still am not convinced that KYC should be made mandatory to everybody. I still think that KYC should only be implemented when deposits exceed a certain threshold. Otherwise, privacy should remain the priority.

Yeah, it makes sense. I don't think that we can make this as a comparison or basis when we are judging how important KYC is, some concern about personal data, and it has nothing to do with murder, I believe it is just a coincidence that happened.
We must separate the discussion or comparison of how importance KYC is because I believe that most people hate is because of collecting personal data. I'm still against KYC.

Reatim

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Quote from: Die_empty on September 23, 2024, 01:56:41 PM

Most gamblers don't like submitting KYC because of many reasons. I don't blame them because personal data shouldn't be exposed to avoid invasion of privacy and other negative activities. But I read a story in the news that portrays the importance of KYC.

This kind of stories just justifies why the government doesn’t like crypto platforms or decentralized ones at least. They say that these are used by criminals in order to hide but majority of users of decentralized platforms have no ill intentions.

Quote

A girl was kidnapped and later murdered by her friend. The murderer contacted the girl's mother and asked for ransom. He requested that the funds be paid into his online betting account to avoid a trace. The mother paid some money into the account and was hoping that her daughter would be released.

I don’t think the KYC made the arrest so much easier. The murderer was a friend on a church group which already gives you a list of suspects. The murderer called her mother. The number was exposed, yes? They heard the murderer’s voice. Surely from there they would have gotten an idea. I would understand using KYC to track a running criminal who committed crimes online or something but in this case, I don’t think it applies.

BABY SHOES

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How stupid is it that a robber kills a girl and then demands a ransom by depositing into his betting account... This is the most ridiculous crime I've ever heard of.

No doubt he will be caught by law enforcement because he used a centralized platform to receive his criminal funds so obviously the casino will ask for KYC especially since the deposit amount is quite large.

Yeah in this situation KYC might be important... But does this happen often? Of course not, only a few have encountered this kind of problem and other gamblers are still reluctant to KYC any casino.

Darker45

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Is this enough, however, to therefore require everybody else to undergo KYC? Suppose the criminal didn't have a KYCed account on SportyBet, would he have gotten away with murder?

Although KYC has indeed helped in this case, I still am not convinced that KYC should be made mandatory to everybody. I still think that KYC should only be implemented when deposits exceed a certain threshold. Otherwise, privacy should remain the priority.

aoluain

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This is just idiotic, the guy is an idiot plain and simple. He must have absolutely
zero brain function to firstly kill someone, then ask for the equivalent of $200
random and then realised after getting payment to his betting account that
he couldnt withdraw without personal information...and actually complied
with the KYC...

He was a "philosophy student" but learned nothing!

Yea in this case KYC played its part in getting this scumbag arrested but
most if not all who criticize KYC do so to avoid paying taxes.

Adbitco

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Quote from: Oshosondy on September 23, 2024, 02:14:11 PM

Very bad. He killed the girl and still collected ransom. Very bad. I am reading similar news recently. It is good that he has been arrested. He needs not more than one judgement which is death.

If it is gambling site, I am not bothered of KYC. The small amount of money that I am using to gamble do not let me bother. My fear is in exchanges and not gambling.

Extremely bad to have killed the girl and yet requested for the ransom this shows very bad attitude and wickedness, and of course he need punishment and judgement for putting such acts. Gambling site are not doing bad for request for kyc and of true when they request kyc there is need to pass it to keep us free from having access to our account via in terms of withdrawal like having huge amount to be withdrawn from the site.

Cantsay

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To be honest the guy doesn’t have any remorse for what he did - he’s just said that because of his current position, if he wasn’t caught he would have still been living his life as if nothing happened and if faced with the same situation where he was looking for money he would have turned to the same kidnapping and killing to solve his problem.

Well, for the kyc the reason the casino asked him for his details was because of the sudden increased in amount deposited - for his kind of person judging from what I read in the article shared in the Op, I feel he’s a very small bettor (probably from 10,000 to 30,000 in local currency) and depositing 350,000 in a single go alerted them and they had to ask for kyc. I know sportybet and only a handful of people have done their kyc there due to the fact that they are not high rollers and haven’t won any large amount before.

It helped in this case doesn’t cancel out the fact that there is still a possibility of identity theft - but for now we should all just just take it as a win and hope this type of incident doesn’t happen to us.

Dunamisx

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Quote from: Die_empty on September 23, 2024, 01:56:41 PM

Most gamblers don't like submitting KYC because of many reasons. I don't blame them because personal data shouldn't be exposed to avoid invasion of privacy and other negative activities. But I read a story in the news that portrays the importance of KYC.

A girl was kidnapped and later murdered by her friend. The murderer contacted the girl's mother and asked for ransom. He requested that the funds be paid into his online betting account to avoid a trace. The mother paid some money into the account and was hoping that her daughter would be released.

When this murderer went to withdraw the money from his betting account, the gambling firm asked for more KYC which included the National Identification Number. Out of desperation and ignorance, the criminal uploaded the information.

Quote

Adeleye’s capture came through tracing his SportyBet account, where he had uploaded his National Identification Number.

Using the document he submitted, law enforcement agents were able to track him and he was finally arrested. His arrest was made easy because of a KYC request from the gambling platform.

Source: Why I killed 18-year-old female church member – OOU student

All i know is that on every sides, there is good and bad, if we say that we don't like intruding on privacy, then i think the kyc related issues has helped in this condition here, as according to the story, the apprehension was made possible all because of kyc information through the users NIN left on the centralized platform, maybe, now we can begin to see that those involved in all manners of criminalities couldn't escape any longer because of the use of KCY.

stompix

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Dumbest criminal in the world?

So this desperate idiot who can't think straight kills a girl, proceeds to get rid of the body, and then has the brightest idea in the world to demand a ransom! And he asks for the ransom to be paid in a casino account, because yeah, what could be smarter?
Why the hell did he have to kill her in the first place?

No the obvious things aside, am I reading this right?

Quote

Through manipulation and threats, he managed to extort N360,000 from the grieving mother.

All this for $215?

Hispo

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DISGUSTING. It is the only word I can think of about the actions of this monster, he is not longer a human being in my eyes. Who in their right mind could have financial problems and the first thing which crosses their mind is to kill a young girl and then ask for ransom to their family members? DISGUSTING, just disgusting.

I usually keep to myself what I think of KYC and the impact it could have on the privacy of people, but this is just beyond anything normal which could happen to anyone one of us, who just want to gamble and be left alone...

I am a glad he got caught and I hope he gets the maximum penalty for murder, seriously, what is wrong with these people?, He was just 19 years old and he is just 23 years old, he had a whole life in front of him for him to solve his financial problems and yet, he decided to fuck his future up. Completely DISGUSTING.

HelliumZ

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All these incidents are really heartbreaking and these incidents are a lesson for the young generation. A gambler kidnapped a girl and demanded money as ransom and while going to withdraw the money from the gambler's non-verify account, KYC verification information was intercepted by law agencies. If there was no KYC system, it would not have been possible to identify the criminal and we would not be able to engage in criminal activities from our gambling accounts because the KYC process is in place. In this respect I applaud the KYC system and I am in favor of making the KYC system mandatory on gambling sites.

Lida93

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Yea on this very case KYC max have done some relevance leading to the identification and arrest of the said killer - the very height of it was after requesting for ramson and on receiving it you still killed your victim. I assume he was afraid the lady will reveal his identity if he gets to release her hence his killing her. It's a pity.

However, this still doesn't completely justify the invasion of ones privacy by way of KYC under a normal circumstance. But like I always say I'm as much as you're using a centralized platform you can't escape from passing KYC for long.

NurseHub

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Quote from: EL MOHA on September 23, 2024, 04:05:46 PM

Quote from: NurseHub on September 23, 2024, 02:22:11 PM

This is not the case now, before when you submit KYc with mostly exchanges you get to stay a bit long to get your verification done but even them do not take more than a day again to validate your KYC, your registration name and details just need to tally with each other and you get verified easily so it is not that complicated anymore.

I agree with you on the one you said KYC was actually in the past they delayed.

But the delay is still there, but not to be compared to the past, where documentaries took much longer.

Technology has also come to place, and KYC time-consuming has also reduced.

However, it all depends on the platform and the specific documentary required. For it to be delayed or faster.

wheelz1200

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Quote from: Die_empty on September 23, 2024, 01:56:41 PM

Most gamblers don't like submitting KYC because of many reasons. I don't blame them because personal data shouldn't be exposed to avoid invasion of privacy and other negative activities. But I read a story in the news that portrays the importance of KYC.

A girl was kidnapped and later murdered by her friend. The murderer contacted the girl's mother and asked for ransom. He requested that the funds be paid into his online betting account to avoid a trace. The mother paid some money into the account and was hoping that her daughter would be released.

When this murderer went to withdraw the money from his betting account, the gambling firm asked for more KYC which included the National Identification Number. Out of desperation and ignorance, the criminal uploaded the information.

Quote

Adeleye’s capture came through tracing his SportyBet account, where he had uploaded his National Identification Number.

Using the document he submitted, law enforcement agents were able to track him and he was finally arrested. His arrest was made easy because of a KYC request from the gambling platform.

Source: Why I killed 18-year-old female church member – OOU student

Wow this might literally be the dumbest person I've seen in a long time. Hey add money to my personal account with all my details associated with it. Was it crypto or was this fiat? If crypto even dumber. Why wouldn't they have just asked to send it to a random address ypu hold then put it into an account. Habe to look more into this. What a dummy

Wexnident

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Quote from: Die_empty on September 23, 2024, 01:56:41 PM

~

And that's pretty much why even if I was so damn frustrated with KYC I still do it. I know damn well how much information can become power after all. Now if they just made KYC instantaneous (or even at least just a couple hours long) I'd probably have less frustrations lol.

I'm also guessing the mother filed a report to watch out for accounts in that casino? Otherwise, the police tracked him way too fast. Props to her for being level-minded and doing so.

Quote from: the rise on September 23, 2024, 02:28:14 PM

this time I see a positive impact of KYC in gambling platforms, the casino helps the police to track only with KYC, the man must be punished very severely

but still most people will avoid casino sites that force users to provide personal data, but it would be better for large transaction amounts to be subject to KYC by the casino and the rules must be transparent.

That was the purpose of KYC anyway. It was always for AML and rightfully so because casinos can be an easy way for people to be the middleman for those kinds of transactions without them knowing about it. I mean just imagine how dangerous it would've been if criminals had methods to transfer money in and out of a country that easily. In this case I don't think it was AML exactly, but eh, kind of close.

livingfree

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That's actually the purpose of KYC. To know who are their customers.

And on this case, that helped in finding out where the money was sent and then figured it out it's from that casino. I still don't like KYC but with this story, I'll spare that moment.

Sorry about what happened to the girl and I don't know the whole story but this criminal is crazy at its finest. What in the world that these people think about easily taking the lives of the others?

As if they don't have a family. Undecided

Topic: Well done KYC. - page 10. (Read 1864 times)