Well done KYC. - page 6. | Bitcointalksearch.org

madnessteat

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Quote from: lovesmayfamilis on September 26, 2024, 06:19:08 AM

In the story described by the OP, the player himself is stupid and sick enough to justify KYC based on this story. Having committed the murder, he directly showed the police where to find him. This is a sick person, and I feel very sorry for this girl.
But in all other cases, do we have to provide our documents? The casino can be hacked, and in this case, all our data can also be used against us. However, it is too late to say that we all want anonymity and confidentiality, we do not even notice how we leave our data to dozens of services, starting from delivery services, online stores, and other conveniences that have long been ingrained in us.

I agree with you. The market for personal data is growing very fast lately. I try not to register anywhere, not to make accounts in delivery, cab and other services, but still from time to time I receive advertisements from people who have my personal data. So I am sure that our data is stolen everywhere and it is done to make money. I actually don't trust my country's institutions in this regard any more than I trust cryptocurrency exchanges or casinos.

bakasabo

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Quote from: TheUltraElite on September 26, 2024, 03:42:33 AM

This is a good example of how KYC can help law enforcement with help from the websites that are allowing such criminals to play on without knowing that the money is being used for crime.

However most people are not on gambling sites while committing crimes at the same time. Most are law abiding citizens and they demand a simple place to play with their money without all the red-tape.

But I guess catching one criminal and giving justice to the deceased is far more important than stopping a bunch of degen gamblers from playing.

Does it really shows that KYC is helpful, or that murderer wasnt smart and left obvious evidence? He could have left finger prints everywhere, but that wont be an example that people should always wear or not wear gloves. Imagine if he would have uploaded fake or purchased online ID. Then it will be zero help from KYC towards investigation, or someone else would be accused of a murder. From that point of view, uploading KYC becomes useless and dangerous.

$crypto$

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Quote from: TheUltraElite on September 26, 2024, 03:42:33 AM

This is a good example of how KYC can help law enforcement with help from the websites that are allowing such criminals to play on without knowing that the money is being used for crime.

However most people are not on gambling sites while committing crimes at the same time. Most are law abiding citizens and they demand a simple place to play with their money without all the red-tape.

But I guess catching one criminal and giving justice to the deceased is far more important than stopping a bunch of degen gamblers from playing.

Obviously with KYC it will make it easier for law enforcement to find any criminals because the identity is easy to pocket they are also definitely working with casino sites or other platforms.

Why some users don't want KYC is because the fear is that their identity is misused or a platform's database is leaked and this harms the user. But I'm sure if the casino site is reputable then they can keep it safe.

Only a few people commit crimes, the rest are law-abiding people, when they are asked to KYC, there is still a possibility that they will submit it, especially if they are constrained by the problem of money being held, they are definitely willing to KYC.

lovesmayfamilis

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In the story described by the OP, the player himself is stupid and sick enough to justify KYC based on this story. Having committed the murder, he directly showed the police where to find him. This is a sick person, and I feel very sorry for this girl.
But in all other cases, do we have to provide our documents? The casino can be hacked, and in this case, all our data can also be used against us. However, it is too late to say that we all want anonymity and confidentiality, we do not even notice how we leave our data to dozens of services, starting from delivery services, online stores, and other conveniences that have long been ingrained in us.

gunhell16

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Due to the ignorance of the criminal or killer, this is also the reason for him to be caught by the authorities, although it is sad what happened to the victim he killed. So in a scenario like that,
the KYC passed by the criminal on a betting platform helped in the investigation.

Maybe it's because of the addiction that the killers have, so he didn't even think that by giving kyc, his identity could be compromised for the crime of murder he committed.
So it right that the title was " Well done Kyc".

Ziskinberg

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Quote from: Die_empty on September 26, 2024, 02:31:07 AM

I don't see any problem with assisting law enforcement officers to do their job. So because we pay them, they should work themselves to death. I know how difficult it is to track and arrest kidnappers in my location, most of them are never caught. So if KYC helps society especially a grieving mother get justice for her daughter's death, it shouldn't be discussed.

Yes, this is very important news, but it also unintentionally serves as a warning to criminals not to repeat the same mistakes and risk getting caught. That said, we should not disregard what happened..condolences to the family.

Quote from: Die_empty on September 26, 2024, 02:31:07 AM

Giving out your KYC is a choice, one can decide to avoid casinos that ask for it.

In today’s crypto world, this isn't much of a choice anymore, as we're all looking for regulated casinos to reduce the risk of getting scammed. And we know that once a casino is regulated, KYC naturally becomes part of the process.

ethereumhunter

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Quote from: FinneysTrueVision on September 26, 2024, 01:05:44 AM

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.

When people's KYC information gets leaked in database breaches that exposes countless people to identity theft and extortion. You can’t say that it is important because of a positive outcome in a single cherry-picked case. That is like saying a sports team is good because they win 1 game out of every 100. We don’t even know for a fact that this killer was caught because of KYC, that part is only speculated. Their IP address and browser fingerprint could have been enough to pinpoint them. Even in the story they mention that he had the missing girl’s phone and he could have been traced through that.

When the technology involved in the investigation, that will help police and the other parties to resolved the case so that will not takes too long to find the suspect. In that story, he verify his account with his real identity so that makes easier to track and report to police so he can get arrested.

Maybe that is one of many thing benefit from KYC so if something bad happen like that case, the police can track the suspect from his activity. But the suspect is not think that when he verify himself in the gambling site, that make him reveal himself to the site and the data will be send to the police.

TheUltraElite

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So anyway, I applied as a merit source :)

This is a good example of how KYC can help law enforcement with help from the websites that are allowing such criminals to play on without knowing that the money is being used for crime.

However most people are not on gambling sites while committing crimes at the same time. Most are law abiding citizens and they demand a simple place to play with their money without all the red-tape.

But I guess catching one criminal and giving justice to the deceased is far more important than stopping a bunch of degen gamblers from playing.

freedomgo

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Quote from: FinneysTrueVision on September 26, 2024, 01:05:44 AM

When people's KYC information gets leaked in database breaches that exposes countless people to identity theft and extortion. You can’t say that it is important because of a positive outcome in a single cherry-picked case. That is like saying a sports team is good because they win 1 game out of every 100. We don’t even know for a fact that this killer was caught because of KYC, that part is only speculated. Their IP address and browser fingerprint could have been enough to pinpoint them. Even in the story they mention that he had the missing girl’s phone and he could have been traced through that.

No one really wants to submit KYC since we all prefer full anonymity. But let’s face it. we’re in a world where crypto is now mainstream, and the government wants to step in and regulate everything. Do we even have a choice?

Maybe one alternative is to go for a decentralized casino. But here’s the question: why aren’t decentralized casinos more popular when most gamblers want full anonymity?

Die_empty

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Quote from: Smartprofit on September 24, 2024, 09:49:48 AM

In my opinion, this is a very controversial story from the very beginning.

I see erroneous cause and effect relationships here. When we read about some dramatic story, we always want to draw the right conclusion (generalization) from it.

However, in my opinion, this is not always possible and should be done. We all do not like murderers and murders. We are sad and sorrowful when an innocent 18-year-old girl dies...

However, can we draw a conclusion from this story that the primordial rights to privacy of all people should be violated? Just because of this one story. After all, we all pay taxes and expect effective work from law enforcement officers (regardless of the presence or absence of KYC procedures in online casinos).

There is a very famous saying - "He who chooses security and rejects freedom will have neither freedom nor security." Natural human rights are too important to be neglected.

I don't think there is any place in this story where the author says violating the privacy of people using KYC is good. The thread is simply about the benefit of KYC with a case study of how a criminal was caught using the details he gave out to a casino.

I don't see any problem with assisting law enforcement officers to do their job. So because we pay them, they should work themselves to death. I know how difficult it is to track and arrest kidnappers in my location, most of them are never caught. So if KYC helps society especially a grieving mother get justice for her daughter's death, it shouldn't be discussed. Giving out your KYC is a choice, one can decide to avoid casinos that ask for it.

FinneysTrueVision

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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.

When people's KYC information gets leaked in database breaches that exposes countless people to identity theft and extortion. You can’t say that it is important because of a positive outcome in a single cherry-picked case. That is like saying a sports team is good because they win 1 game out of every 100. We don’t even know for a fact that this killer was caught because of KYC, that part is only speculated. Their IP address and browser fingerprint could have been enough to pinpoint them. Even in the story they mention that he had the missing girl’s phone and he could have been traced through that.

Jody.Drummer

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Quote from: alegotardo on September 25, 2024, 06:19:42 PM

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

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.

KYC has its advantages in preventing misuse, and I believe that if it were not so required today, we would have a lot more problems with money laundering and crimes being committed.
However, I do not believe that reasons like this are justification for requiring KYC for everything, because those who really commit serious crimes do not use exchanges or gaming sites to receive this type of money.
I also do not want to provide my documents just to make a small deposit on a site and spend the money to play, but I agree if this amount is required for a larger withdrawal.

Anyway... I believe that KYC is important, but nowadays companies and governments are abusing it in scenarios that would be completely unnecessary.

I agree with what you said, indeed this KYC has a very important positive side for some things as in other perspectives. But it is true what you said for those who really commit crimes will not do something like this, they will definitely consider everything to prevent their crimes from failing. For some other things that do involve finances, profits or others will definitely consider requiring KYC to prevent unwanted things from happening such as money laundering. KYC is indeed important, but we also have to be able to see what kind of things are involved if indeed with something that is relatively small by thinking it is not so important to fulfill KYV then we don't have to fulfill it. I myself gamble with a small amount including the profits I get are relatively small so there is no need to fulfill KYC for the withdrawal requirements.

laijsica

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Quote from: Accardo on September 25, 2024, 06:46:36 PM

Quote from: Rruchi man on September 23, 2024, 03:40:13 PM

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

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.

Before KYC became a thing, some criminals have used the casinos to do their dirty bidding; KYC has made it all difficult, and some criminals are still not aware of it.

As news of how KYC helped in the apprehension of a criminal who tried using casino services for illegal use has come out, the news will spread, and more criminals will become aware that Casino's and gambling platforms are tightening up their security, and it will start becoming a no-go area for criminals when they are looking for how to get their money without giving away their identity.

The police must have inquired for the recipients, and would want whoever it is to assist in finding the culprit. However, without KYC it'll be hard to detect exactly who committed the crime, but they'll be solution to it, because the transaction was electronically done. Unfortunately, judging with kyc is not always accurate, criminals most likely purchase documents for KYC.

In fact you are always leaving footprints of all your online activities and you are definitely in a network and even if you are not kyc covered you can still be traced if the country's IT experts think so. Every record of financial activity conducted by the criminals while keeping their identity hidden is recorded in the respective networks which can help to identify him. Yes you are right judging by kyc may not be correct every time because many criminals can use personal information of others keeping their identity hidden which has already created many precedents. I think no one can hide in the online world even if they want to if they are a serious criminal.

Accardo

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Quote from: Rruchi man on September 23, 2024, 03:40:13 PM

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

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.

Before KYC became a thing, some criminals have used the casinos to do their dirty bidding; KYC has made it all difficult, and some criminals are still not aware of it.

As news of how KYC helped in the apprehension of a criminal who tried using casino services for illegal use has come out, the news will spread, and more criminals will become aware that Casino's and gambling platforms are tightening up their security, and it will start becoming a no-go area for criminals when they are looking for how to get their money without giving away their identity.

The police must have inquired for the recipients, and would want whoever it is to assist in finding the culprit. However, without KYC it'll be hard to detect exactly who committed the crime, but they'll be solution to it, because the transaction was electronically done. Unfortunately, judging with kyc is not always accurate, criminals most likely purchase documents for KYC.

danherbias07

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Quote from: alegotardo on September 25, 2024, 06:19:42 PM

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

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.

KYC has its advantages in preventing misuse, and I believe that if it were not so required today, we would have a lot more problems with money laundering and crimes being committed.
However, I do not believe that reasons like this are justification for requiring KYC for everything, because those who really commit serious crimes do not use exchanges or gaming sites to receive this type of money.
I also do not want to provide my documents just to make a small deposit on a site and spend the money to play, but I agree if this amount is required for a larger withdrawal.

Anyway... I believe that KYC is important, but nowadays companies and governments are abusing it in scenarios that would be completely unnecessary.

You have a point there. It can also be abused because all of our information is there and sometime in the future it can be used for something else, bad mostly.
This is the reason why we need a reputable gambling site when it comes to preserving those KYC documents. They cannot just give out that information without the consent of the owner unless it's a serious crime that he/she committed. Also, that information should be properly secured in a manner where it won't be hacked because once it is, the bigger problem comes in.
We've seen people getting hacked without even noticing it just because of a password that is weak and others use their date of birth included in their passwords, once the hacker gets more information about us, we will have to worry about our accounts being hacked in an instant.

alegotardo

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

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.

KYC has its advantages in preventing misuse, and I believe that if it were not so required today, we would have a lot more problems with money laundering and crimes being committed.
However, I do not believe that reasons like this are justification for requiring KYC for everything, because those who really commit serious crimes do not use exchanges or gaming sites to receive this type of money.
I also do not want to provide my documents just to make a small deposit on a site and spend the money to play, but I agree if this amount is required for a larger withdrawal.

Anyway... I believe that KYC is important, but nowadays companies and governments are abusing it in scenarios that would be completely unnecessary.

Dunamisx

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Maybe we can also start to view it from other perspective that bitcoin has made it clear to everyone on why they should go after their privacy, not only this, there are many ways in which illegal activities are been tackled by the help of the kyc procedures, if not for this, many would have lost access to their accounts online after been bridged by others who are trying to proof smart on them.

Nwada001

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Quote from: Dr.Bitcoin_Strange on September 25, 2024, 02:15:56 PM

Wicked people doesn't actually deserve to go unfurnished and most times, because of their desperation and wicked heart, they tend to lose their brian. If he was in his right senses, he would know that his account can be reported and tracked because the bookie is regulated. Sometimes, KYC can be of good importance because of this kind of situations.

What was he even thinking in the first place that he can withdraw money directly from their to his bank account even if the casino doesn't ask for more KYC that they can't link that to his identity?

Unless he would have used fake information to open the accounts and there was some sort of sending it directly to an agent and getting paid with cash, which won't require more verification as that could have made it harder for them to get him.

Weawant

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In as much as this was very helpful to helping he security agency get hold of the perpetrator of the evil, it was a very wrong act from the said gambling company except if its in their terms, clearly stated without any ambiguity in the fact that they reserve the right to give out such information of a customer upon request from the state security out fi. This is one of the reasons many have always advocated anonymity in gambling because gambling platforms can only release rhw information they have, but in another case the accused can take legal actions against the gambling company and for those in that region where this gambling platform is, here's a call to you all to be careful how much information you give to them as it can be used against you even in situations where you are innocent not necessarily when you are wrong. Disclaimer ⚠️ I don't and will not support such violence and evil perpetrated by the accused but neither support companies as this releasing people's data our there without going through due process.

Woodie

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Well done KYC Indeed!!

When it comes to issues of security and the law, it can come in handy and this one was so easy because the mother would have tipped the police 🚨 who in turn collaborated with the casino to get their guy...but wait a second , I have seen these kind of stuff on youtube of people being paid to do stuff on their behalf..so imagine if someone was paid to go through this KYC process in exchange for a small payment, only to be implicated in a crime you didn't commit ouch.

Topic: Well done KYC. - page 6. (Read 1857 times)