hello sir. I was thinking about translating a post of yours to my local language (Bangla). I am not an professional translators nor my translations are 100% accurate. But I think I may able to translate it if I give it a go. Sure it will take some time to translate.
https://bitcointalksearch.org/topic/what-happens-when-your-identity-is-stolen-real-story-avoid-cexs-5444158
Is this post open or somebody already doing the translation?
I'll be waiting for a reply.
p.s : I already sent a PM. But I am confused whether it got sent or not because it was my first time sending anyone any PM. So I am re-replying to this thread.
Topic: What happens when your identity is stolen -- real story || Avoid CEXs! - page 2. (Read 1054 times)
August 06, 2023, 04:09:57 AM
April 09, 2023, 05:21:20 AM
Identity theft also has a significant impact on individual privacy. I have been bothered by dozens of different phone numbers for a long time from other stock agents and different sales agents. In addition, I have received several past due notices sent to my home address when I failed to make those loans. I quickly reported the incident to the local police.
In my area, identities are even sold on the black market by banks, school organizations and law enforcement, let alone exchanges. It can be said that today for money, they are willing to do anything, no matter how harmful it is to others. I am also frequently bothered by securities companies as well as insurance companies. But what surprised me more was that my bank account number was also exposed, and the bank was the only one who knew about it.
April 09, 2023, 04:39:13 AM
This kind of story wanted me not to do any KYC at all, especially in some new exchanges with no reputations. As for me, my imagination is what if when I go to another country that I'm not familiar with their laws and regulations and suddenly I get hold at immigration for unknown reasons but the truth is my information got used by the hackers, man! that would be a worse experience of my life, I would have ended up in jail for life because I am a nobody. If Andrew Tate is still in prison for doing nothing with his millions of dollars, what about me then?
That's why even if the exchanges are trusted, you need to think multiple times if you really need to use these exchanges because if not, it's better to choose the ones that don't need KYC.
That's why even if the exchanges are trusted, you need to think multiple times if you really need to use these exchanges because if not, it's better to choose the ones that don't need KYC.
legendary
Activity: 1680
Merit: 6524
Fully-fledged Merit Cycler|Spambuster'23|Pie Baker
April 09, 2023, 03:21:24 AM
Thank you! Please check also the PM I sent you.
April 08, 2023, 10:17:47 AM
I posted your topic in the Russian
https://bitcointalksearch.org/topic/m.62057071
https://bitcointalksearch.org/topic/m.62057071
March 23, 2023, 09:13:13 AM
So are you still willing to use CEXs?
Yes, I will continue to use CEXs because it is convenient and there is always a solution if you do not want to provide your personal data to such services.
As for this story, there are such stories in every sector of cryptocurrencies, stablecoins, altcoins, exchanges, pools, etc. Just one terrible example does not mean that absolutely the entire industry is structured this way and this awaits all users of centralized exchanges.
March 22, 2023, 09:46:30 PM
thank you for sharing this very impressive story.
after reading this story I became a little scared, because nowadays a lot of personal data is uploaded on social media.
The point is to be more careful when accessing or entering personal data, especially on the internet.
after reading this story I became a little scared, because nowadays a lot of personal data is uploaded on social media.
The point is to be more careful when accessing or entering personal data, especially on the internet.
March 22, 2023, 09:25:01 PM
Wow that is tragic, this poor guy. I hope he can catch a new stream of luck. Gonna have to say a prayer for this fellow 🙏
March 22, 2023, 11:40:01 AM
Identity theft also has a significant impact on individual privacy. I have been bothered by dozens of different phone numbers for a long time from other stock agents and different sales agents. In addition, I have received several past due notices sent to my home address when I failed to make those loans. I quickly reported the incident to the local police.
March 22, 2023, 01:50:13 AM
I have seen fake crypto exchanges that are opened for collecting people's KYC information, it is better to pass KYC requirements on top exchanges if you must use a CEX.
I have heard a lot of rumors about people purchasing evil stuffs online through the dark web and they always use stolen identities to carry out the purchases, we need to be careful with who we share our information.
The question I have now about people that are not using Centralized exchanges, because of identity stealing issues is, how are you guys doing day trading?
The main reason why I have no choice but to keep trading daily on centralized exchanges is that they are best for trading.
I have heard a lot of rumors about people purchasing evil stuffs online through the dark web and they always use stolen identities to carry out the purchases, we need to be careful with who we share our information.
The question I have now about people that are not using Centralized exchanges, because of identity stealing issues is, how are you guys doing day trading?
The main reason why I have no choice but to keep trading daily on centralized exchanges is that they are best for trading.
March 22, 2023, 01:05:44 AM
it's ridiculous and adorable. The data that must be personal is even used like that by irresponsible parties, criminals can occur anywhere and whenever including the theft of identity for financial or dangerous activities.
I am indeed an airdrop er hunter willing to join the event only to pay only 5 $ I often do, it makes me laugh, it's cheap. Even though the guise of verification, of course we do not know what personal data want to be made by the second party even to 3.
As you mentioned and there are some media that say in my country I have also been reported by people who are not known and they make a customer database by being sold to other parties, even I also often get WhatsApp and SMS from people who are not known , for promotional offers. It doesn't make sense if they randomized the number.
If the Exchanger is a means of play, buying and selling, and all transactions as a whole, there is no choice sir if they want it. They require KYC. If there are some who do not require. But the features are quite different.
What is quite powerful is indeed dex and very flexible without sensitive data vulnerability.
So far I am still doing and submitting my personal data for a certain application or excanger requirement. I am aware of the big risk.
I am indeed an airdrop er hunter willing to join the event only to pay only 5 $ I often do, it makes me laugh, it's cheap. Even though the guise of verification, of course we do not know what personal data want to be made by the second party even to 3.
As you mentioned and there are some media that say in my country I have also been reported by people who are not known and they make a customer database by being sold to other parties, even I also often get WhatsApp and SMS from people who are not known , for promotional offers. It doesn't make sense if they randomized the number.
If the Exchanger is a means of play, buying and selling, and all transactions as a whole, there is no choice sir if they want it. They require KYC. If there are some who do not require. But the features are quite different.
What is quite powerful is indeed dex and very flexible without sensitive data vulnerability.
So far I am still doing and submitting my personal data for a certain application or excanger requirement. I am aware of the big risk.
March 22, 2023, 12:24:54 AM
Don't use no-name exchanges obviously.
Do a background check on exchanges you do business with to see their founders, their leadership board, etc. of course, they will try to hide a lot of things from the public eye, but if you happen to find something about them that rings alarm bells, DO NOT USE THAT EXHANGE, let alone give your details to it.
Do a background check on exchanges you do business with to see their founders, their leadership board, etc. of course, they will try to hide a lot of things from the public eye, but if you happen to find something about them that rings alarm bells, DO NOT USE THAT EXHANGE, let alone give your details to it.
March 21, 2023, 08:01:44 PM
I think, that identity theft can have serious consequences for individuals. It is worth noting that the story is not related to the use of centralized exchanges, but it is a cautionary tale for anyone who stores personal information online.
Hackers can gain access to personal information and use it to steal identities and commit crimes. Even centralized exchanges like Coinbase have been known to sell personal information, so it is essential to take steps to protect your information and be aware of the risks involved with online transactions.
Hackers can gain access to personal information and use it to steal identities and commit crimes. Even centralized exchanges like Coinbase have been known to sell personal information, so it is essential to take steps to protect your information and be aware of the risks involved with online transactions.
March 18, 2023, 02:35:56 PM
My point is that it's unavoidable not to submit our personal details anywhere, especially online, and thus, the damage has already been done.
This is sad, but true. All we can do is to limit, as much as we can, exposing our private information...
March 18, 2023, 08:06:55 AM
Because many times there is a need to use cex for many purposes, so even if you try to avoid it completely, it is not possible.
I, for one, never used a CEx
legendary
Activity: 1680
Merit: 6524
Fully-fledged Merit Cycler|Spambuster'23|Pie Baker
March 17, 2023, 05:19:11 PM
Yes, I will continue to use CEXs because it is convenient and there is always a solution if you do not want to provide your personal data to such services.
What is that solution for using a CEX, which always requires KYC, without providing your personal data? A fake ID?
As for this story, there are such stories in every sector of cryptocurrencies, stablecoins, altcoins, exchanges, pools, etc. Just one terrible example does not mean that absolutely the entire industry is structured this way and this awaits all users of centralized exchanges.
This is right. It is a cautionary tale. Yet, on the same principle, no house was ever broken by a burglar until a burglar broke in for the first time. I guess we should take this story as a "better safe than sorry" advice.
Oh I think you made a little mistake and didn't link to the right post here. The translation of your good PGP post is out of place here.
Yup, thank you for pointing this to me! I fixed it
Because many times there is a need to use cex for many purposes, so even if you try to avoid it completely, it is not possible.
I, for one, never used a CEx
While I understand your point and agree that centralized exchanges should be avoided if possible, the exact same thing can happen to anyone who has submitted their documentation to a platform or service.
This is correct.
My point is that it's unavoidable not to submit our personal details anywhere, especially online, and thus, the damage has already been done.
This is sad, but true. All we can do is to limit, as much as we can, exposing our private information...
March 16, 2023, 01:25:38 PM
It's a shame that an innocent man had to go through all this trouble and humiliation, completely out of nowhere. While I understand your point and agree that centralized exchanges should be avoided if possible, the exact same thing can happen to anyone who has submitted their documentation to a platform or service. My point is that it's unavoidable not to submit our personal details anywhere, especially online, and thus, the damage has already been done. Personally, an older email of mine had been found in many data leaks, and who knows what information a hacker may have acquired?
The truth is that there are a few examples of data breaches through CEXs, which contain confidential information that most websites don't, such as an ID or taxpayer identification number.
The truth is that there are a few examples of data breaches through CEXs, which contain confidential information that most websites don't, such as an ID or taxpayer identification number.
March 16, 2023, 01:15:17 PM
Translations (in chronological order):
Oh I think you made a little mistake and didn't link to the right post here. The translation of your good PGP post is out of place here. - Română: Ce se întâmplă când îți este furată identitatea – caz real || Evitați CEX-urile!, translation by GazetaBitcoin
- German: Phil Zimmermanns Gedanken zu PGP - Wir alle sollten sie lesen, translation by CoinEraser
This should be the right link:
- German: Was passiert wenn die Identität gestohlen wird, wahre Geschichte | Vermeide CEX!, translation by AHOYBRAUSE
March 15, 2023, 11:36:46 PM
So this is how stolen personal information can be used against someone else for the main benefits of those behind the business of taking someone's else name and use it for criminal activities. I used to be thinking vague on this but things are now clear to me as to the danger of info thievery. Good thing that I don't have any hint of being a name in the online world...as I think this is one factor why the victim was chosen by these criminals. We really have to be careful and pray that the platforms we are trusting will not fall into the hands of the criminals otherwise we are all at risk. This is one big advantages of DEXs over CEXs. And we have to face the reality that hacking will continue to be more sophisticated into the future and it seems to me that nothing can stop them to be successful from time to time.
March 15, 2023, 10:07:29 PM
So since then I have stopped using coinbase services.
That was a smart move. I hope that you also stopped using centralized exchanges since then...
I didn't use coinbase exchange much but used coinbase wallet for long time but it restricted my account even though my kyc is complete. Although it was solved after a month but this one month I really struggled to solve it because I had a large amount of Ethereum there.
This is another reason for which you should never used a centralized exchange: similar to banks, they can always seize your account (abusively or not). You are not the owner of your funds once you deposit the money at the exchange. This is because you are not in possession of your private keys. And the saying "not your keys, not your coins" is very valid and it was also stated in a Court decision, by a judge! As a coincidence, the trial involved again Coinbase's name. The exchange was called into a Court of Law by a client which was not allowed by the exchange to redeem his BTG coins after Bitcoin Gold fork occurred. Judge's final decision clearly states that not your keys, not your coins.Jump to: