Topic: Well done KYC. - page 8. (Read 1857 times)
Everything that we do has advantages and disadvantages. People don't like KYC so that their identity will not be known which means that they want to operate in an anonymous way doing good or bad. But the government has made it compulsory for most casinos operating under them and it ia something good so that whatever criminal involvement by the gambler, he can ne traced just like wht happened to Adeleye
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.
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
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
That's a bit alarming, because he did something like that with gambling. What would most people think of a gambler doing something like that? There is absolutely nothing good that can happen when gambling is not managed properly.
Once greed really enters a gambler and is allowed to control the gambler himself, it will really lead to such crimes that are disturbing. Does this person who committed the crime still repent? should be punished here. It's sad that instead of living for a long time, the person who was killed was killed mercilessly.
That's a bright side of submitting KYC, not surprising because everything always have two sides, either for good or for bad.
However, the authority shouldn't blindly draw a conclusion if the identity in that account is always belong the ownership because he could be bought that account or he submitted other people's identity.
They need to make more research before draw a conclusion, there's a chance they might caught the wrong person.
However, the authority shouldn't blindly draw a conclusion if the identity in that account is always belong the ownership because he could be bought that account or he submitted other people's identity.
They need to make more research before draw a conclusion, there's a chance they might caught the wrong person.
Yeah in this case KYC and using the casino account made the cops' job easier.
I don't think this guy is a random person since he confessed to the murder and told all the details of this horrible incident. It wasn't hard for the police to figure this guy out since he's an amateur and not a professional killer. I have never supported murder, but I think that if someone decides to go for murder, he should think about all the details in advance, and not make so many mistakes. I hope he will answer for his actions to the full extent of the law. I am very sorry that because of such assholes innocent people die.
it turns out there is a positive side to doing KYC, sometimes this can be said to be very helpful if people are involved in fraud or very serious crimes. on gambling or exchange sites
but in my opinion if you only withdraw 100$ for exchange or gambling shouldn't need KYC, and do KYC if we are going to withdraw a large amount and it is very unreasonable like in the case above
but in my opinion if you only withdraw 100$ for exchange or gambling shouldn't need KYC, and do KYC if we are going to withdraw a large amount and it is very unreasonable like in the case above
KYC is not all about the way to restrict or monitor deposits and withdrawals. Also, it is not all about discouraging money laundering activities but there are many other things that the casino can use the KYC for the benefit of the gamblers.
One such example that comes to my mind is that KYC can help the casino to filter out underage gamblers and this will help them to allow only those gamblers who are adults and have eligible age for gambling, can only use the platform to gamble. I think we should not always think negatively about KYC, there are some positive aspects too.
That's a bright side of submitting KYC, not surprising because everything always have two sides, either for good or for bad.
However, the authority shouldn't blindly draw a conclusion if the identity in that account is always belong the ownership because he could be bought that account or he submitted other people's identity.
They need to make more research before draw a conclusion, there's a chance they might caught the wrong person.
However, the authority shouldn't blindly draw a conclusion if the identity in that account is always belong the ownership because he could be bought that account or he submitted other people's identity.
They need to make more research before draw a conclusion, there's a chance they might caught the wrong person.
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.
Actually this often to happen, that's why we see many criminals and hackers are caught, if they really understand with privacy and anonymity, the police will not able to caught them. It don't need to be in casino account, but your IP address while accessing the wallet, personal identity when you create email account, etc.But for me in this case it is really ridiculous and maybe it is useful for emergency situations like this ... what is clear is that cases like this are concerned or because the friend has been lurking for a long time so he acted in a heinous way.
it turns out there is a positive side to doing KYC, sometimes this can be said to be very helpful if people are involved in fraud or very serious crimes. on gambling or exchange sites
but in my opinion if you only withdraw 100$ for exchange or gambling shouldn't need KYC, and do KYC if we are going to withdraw a large amount and it is very unreasonable like in the case above
but in my opinion if you only withdraw 100$ for exchange or gambling shouldn't need KYC, and do KYC if we are going to withdraw a large amount and it is very unreasonable like in the case above
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.
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
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
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.
This is a really sad news.
For sure, getting paid on a wallet that is not yours explains clearly how this criminal was not having the minimum idea on crypto... for sure not the expert on this matter... probably this user will just use a centralized exchange
for these cashouts...
Ok even KYC in a rare case can be helpful, but is it really that essential or is it simply another tool for controlling expenses and earnings?
For sure, getting paid on a wallet that is not yours explains clearly how this criminal was not having the minimum idea on crypto... for sure not the expert on this matter... probably this user will just use a centralized exchange
for these cashouts... Ok even KYC in a rare case can be helpful, but is it really that essential or is it simply another tool for controlling expenses and earnings?
I'm not sure if we have to thank KYC though, it's just that this criminals didn't know that he will be track by the authorities, and the brainless thing that he do is submit his information just to be able to get that money, so how silly it is for a criminal to do that?
Majority of us doesn't want KYC, I mean we didn't want all our personal info to be submitted to any services so that they can trace it. We don't want to submit because we want privacy and anonymity.
Majority of us doesn't want KYC, I mean we didn't want all our personal info to be submitted to any services so that they can trace it. We don't want to submit because we want privacy and anonymity.
In certain contexts, we do want to protect our privacy. KYC on casinos or other crypto platforms is considered contrary to the principle of crypto which is a transaction that maintains privacy and security. with KYC, there are parties who feel they benefit but there are still those who feel uncomfortable.
In the case shared by Op, it shows that there is a positive side to KYC. but there will still be loopholes that can be exploited by people who are planning to commit crimes.
Majority of us doesn't want KYC, I mean we didn't want all our personal info to be submitted to any services so that they can trace it. We don't want to submit because we want privacy and anonymity.
One more example of people who are not only bad people who don't deserve to live in society, they are morons and get caught for it. The guy was studying philosophy, I don't know if he thought it was philosophically correct to murder a classmate and be so stupid as to ask for it to be paid in the casino account.
I don't like the title of the thread, though, because it implies that KYC itself is good, and it is not.
I don't like the title of the thread, though, because it implies that KYC itself is good, and it is not.
This just crossed my mind - what if that guy uploaded a different ID, maybe a stolen one, or even from people who are desperate to make a few bucks and allowed their info to be used? That's really sad. It makes me think, for those of us who’ve submitted IDs online, especially during the time when bounties were all very popular, it’s actually pretty risky if what I’m thinking could happen to us.
The Nigerian government have done a good job regarding the National Identity Number. This unique number has to be connected to your bank account, phone number and Bank Verification Number. Without this NIN it will be impossible to carry out any financial transaction. He cannot just submit a random ID because it will not tally with the phone number he used to register with the sports betting company. Even if he registered with another phone number he would have to provide another NIN and such registration needs his picture and fingerprints. His best option was to ask for cash payment because this is how most kidnapers get their ransom in Nigeria.
I'm not sure if we have to thank KYC though, it's just that this criminals didn't know that he will be track by the authorities, and the brainless thing that he do is submit his information just to be able to get that money, so how silly it is for a criminal to do that?
Majority of us doesn't want KYC, I mean we didn't want all our personal info to be submitted to any services so that they can trace it. We don't want to submit because we want privacy and anonymity.
Majority of us doesn't want KYC, I mean we didn't want all our personal info to be submitted to any services so that they can trace it. We don't want to submit because we want privacy and anonymity.
Aside from the privacy thing, another major reason most people don't do KYC is because of the whole KYC process. Most Casino KYC process are stressful and time consuming, not many have that patience to submit details and upload documents where needed. Alot of gamblers who have done KYC only did that because that was the only way to claim their wins. Just maybe if this issue is addressed, KYC wouldn't be a problem to those who do not care about their privacy.
While we appreciate the advantages of KYC in helping to trackdown criminals and expose their activities, we still have to be conscious of the information we give out about ourselves all in the name of KYC. A lot of innocent people have gotten themselves into trouble for innocently giving out information about themselves to fake gambling sites all because of KYC. Using only reliable casinos will save us from this mess.
While we appreciate the advantages of KYC in helping to trackdown criminals and expose their activities, we still have to be conscious of the information we give out about ourselves all in the name of KYC. A lot of innocent people have gotten themselves into trouble for innocently giving out information about themselves to fake gambling sites all because of KYC. Using only reliable casinos will save us from this mess.
I'm not against KYC per se, just against this KYC everywhere trend which, like OP suggested, is dangerous as long as it can have a negative impact in privacy.
Personal data protection is not an absolute right, and isn't applied if "higher" interests are at stake. So KYC for withdrawing just a few bucks you won somewhere or apply for the last airdrop is not worth the risk of leakage. But in cases where big money is involved and there are clear suspicions about criminal activity behind them like in this case, it makes sense.
Personal data protection is not an absolute right, and isn't applied if "higher" interests are at stake. So KYC for withdrawing just a few bucks you won somewhere or apply for the last airdrop is not worth the risk of leakage. But in cases where big money is involved and there are clear suspicions about criminal activity behind them like in this case, it makes sense.
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.
We see in this case, the gambling industry does not all have a negative impact, this case proves that gambling sites bring positive things to all elements, especially the police and the murder victim, I am happy to hear that Adeleye's has been arrested for murder.Appreciation to SportyBet for their help with the KYC system, this shows that not all gambling sites can be seen as bad, SportyBet has proven what they can do, We hope that in the future, in countries whose officials are involved in corruption and money laundering, if they use the money for gambling they can be arrested based on the applicable KYC system.
This is one reason why KYC is good in most things people uses almost everyday. However, if it wasn't for the requirement of KYC verifications in their betting account in other to withdraw the money that was sent to them, the criminals would have escaped, and fortunately they might do this same thing to another person. The help of KYC will also help to know those that do money laundering. The reason why KYC is not good is probably because most firms shares it with other people and they uses it for webscam and other criminal activities.
In some cases KYC can help the government and casinos to find out the identity of their players and it is needed if there is something that requires the identity of the player, for example like this case, where KYC helps the relevant parties find the perpetrator of the murder. And because of that I don't really reject KYC in casinos, because after all with KYC it can help casinos or the government in some problems and minimize the chances that players will abuse the casino platform for their criminal purposes.
Usually, most gamblers tend to prioritize privacy, which is why they often resist KYC requirements. But we often neglect to see the significant benefits this can bring, both for gamblers and casino owners. With this quick arrest of a woman who has a murder case—it’s a clear example of the major advantages that come with these measures. Ideally, this should be a strong argument for implementing KYC across all casinos, no matter their size.
Sure, it might not seem beneficial right away, but in the long run, I’m confident that it was. After all, why should we be afraid to share our personal details unless we’re dealing with a shady site?
Sure, it might not seem beneficial right away, but in the long run, I’m confident that it was. After all, why should we be afraid to share our personal details unless we’re dealing with a shady site?
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