Bitcoin Forum

And this is how your passports get on the dark web.

https://thenextweb.com/hardfork/2018/02/07/sentinel-chain-ico-leak-passport/

With more and more ICO's asking for KYC everyday, the risk has increased many fold now. This is why I am more bullish on projects such as CIVIC and THEKEY. These would be huge in coming years.

What does anyone obeying the KYC stipulation expect by the way? I know one way or the other this vital information supplied is likely to get into a wrong hand one day. Don't we have it with our e-mail addresses getting junk mails from sites which got them from the data bases of sites we visited and submitted forms to? It is simple reasoning and I am not so much surprised this could happen.

Yeah I saw this aswell, time to go long on civic?

Nobody can guarantee that your data after passing the procedure KYC fall into the wrong hands. Many are afraid to go through this procedure, because they are afraid of leaking their data. Which, on the one hand, is correct. Initially, the anonymity of users was above all.

here are the first indicators of what is still very strange to think that all this adventure with KYC will not unfold a big problem for investors and bounty hunters. It seems to me that it is high time to understand that KYC is nothing more than just scans of passports, which the SEC does not require.

Shameful disadvantages and of KYC verifications,that is why i am not joining of these ICOs because i wont allow this thing to happen,privacy is a must and be priority because we are here for the anonimity and the decentralization of our transactions.KYC process isnt necessary for those ICOs which arent residing in U.S so this makes fraudsters take advantage.

I can never understand how someone can trust their personal documents like passport to digital platforms where hacking and scamming is so common with no regulatory over watch to keep a check on them. These documents get sold on the dark net and get used by identity thefts.

The problem is that most ICOS now require KYC, the way it will be to use a third-party passport, but this makes it very difficult

Risking your identity and personam information for the sake of the monery and cheaper coins is stupid asf.I dont really understand why people are joining these KYC ICOs because they can easily get thee in exchanges when these projects got listed,theer you wont be required to send your IDs because it might be used to frauds when these informtaions got into wrong hands.

Yes, it is know and is good that we keep on saying it. The KYC is many times unnecessary and most of the times ends up creating enourmous risks for the investors, making it much better to falsify the data.

Main reason why i didnt join any of these verifications,because you wont know when these people will use your IDs into something else,selling it online surely stupid thing especially in the deepweb,it could destroy the ICO's reputation if this isnt a datra breach ,im sure they fucked up with that date leaks.Not going to participate any of these unless i have some fake passports it will be okay to participate these ICOs.

It's not the legit ICOs that do it so why would they care about it ruining their reputation? It's the ones that are scams and are going to disappear with funds and just want to line their pockets even further by doing fake KYC and selling the data that they receive.

It's the result of joining ICO project require KYC. LOL. But I don't think all ICO project requires KYC sold their customer identity, only scam projects did that so I think if anyone want to invest in any ICO project that requires KYC, they must sure that it's a truthworthy project or if they don't know how to know if it's a good project or not, they should invest in ICO project that no need to do KYC to invest.

Shortly after kicking off its ICO on February 5, Sentinel Chain was forced to temporarily shut down its token sale after the company was notified that its KYC system (a common procedure users need to complete in order to enter token sales) was leaking users’ credentials due to a severe glitch.

The issue of KYC is becoming something attention should be called on, can't imagine using the KYC for an unjust act after passing the KYC procedure, I think this should be put to rest cuz this
 is becoming annoying.

Thanks for this expose and eye opening information. The worst is that they project owners are even asking bounty hunters to do KYC which I really do not the reason behind it. A bounty hunter is not an investor he is only helping the project marketing.

scam ico. theft of ID cards, and in 10 months you will all be visited by the police because you should have bought all the drugs. or with your data, new bank accounts have been opened. or the people take part in many icos with your data. have fun at KYC. I do not do this rubbish and do not buy from ico. only when the token is listed. that is much safer  ;)
and after the ico 90% of the token are always cheaper than the normal ico  ;D

Thats perfect art of selling the passports. LOlz. I don't think decentralised platform is going to be anymore secure because at one point we are getting robbed at exchangers with our BTC and there is again such news where our KYC documents are getting robbed away. So its really thinkable that whether we are secured with our blockchain or not. It is becoming trend now that we getting robbed but on the other hand we are trying to push the same technology ahead of the time. We need to see real development but we can only see it if we are safe in this crypto world. How does people will trust it anyway if their personal information which is most sensitive one is getting robbed like this way and in the most easy way. Just imagine what would happen if many exchangers got hacked and our KYC is leaked. There would be real chaos into this.

This is the main reason i wont usually join these ICOs because you wont kno what will happen to those informations you have given to these people.Worst is they have sold these IDs to the online cindicates and use it to fraudulent activitiies so i suggest do not ever support or try to participate these ICOs because you can easily purchase these coins when they reached the exchanges.

I do not know why everyone is so afraid of KYC. A regular employee of an ordinary bank can also sell your data on the black market. But unlike banks, here it is not necessary to provide your documents, you can provide documents to another person.

That's why I'm always careful about the strict KYC process with passport and selfies.
I'm supporting soft KYC process though.

You now see the risk of sending your personal informations esepcially those passports? it might be sold and use against you,or used in frauds because if they want your information they can easily do something illegal and pretends that it was you who did that,a lot of criminal charges will be at your doors and you shouldnt be suprised because you send your IDs to these people.

In my oppinion even having your ID you nothing can be used from it - only data that without the document mean nothing. KYC principle use lots of organisation nowadays and lot of banks, even travelling somewhere you send copies of your passport or ID to the traveling agencies or hotels and do not think over that your data may be sold or used somehow.

If you have provided you passport to anybody, you should be ready that this data will be available for thirdparties. it is not important where you provide it, you KYC data could be leak from banks as well.

I agree with you ;D why I don't think about it. but when I booking a hotel it can be use ID nation. I think ID nation it's no problem, but for Passport, we must be careful because this is the important data.

By similar reasons I prefer to use any ID cards for KYC (driving license) but not passport. Do not give really essential data for KYC

and thats why i say no to kyc. for me is kyc a no go. i dont want to send my personal ids to someone somewhere in the world.

There are a lot of illegal stuff available on darkweb. From drugs to prostitutes, from Fake ID's to Fake passports and much more. There are even available before the ICO KYC. So we can't really blame ICO for leaking our data. If the ICO team is genuine, I don't think there is anything to fear it about.

It's an old story. There is another easier way to get your data. Scamers today create fake airdrops with KYC, also they copy website of good project than obtain e-mails from bitcointalk forum (for example, from bounty spreadsheets) and lead to you to wrong site.
We have to be very attentive.

some investors will still not learn from this and will proceed to invest in ICO that require KYC. for me i think it is very dump. I can you give someone you have not seen physically your document. what do you think will happen to your document after the verification. for God sake ICO is not immigration officers why would they require KYC. well i consider this as cheap way to make money for some bad employers of ICO

It was worth waiting for. Of the 902 last year's ICO campaigns, about a third of the ICO projects turned out to be fraudulent. If these ICO companies required investors and members of the generosity campaign to undergo a KYC check, these individuals transferred their identities and copies of passports directly to them. It would be naive to assume that someday these data will not be used to facilitate the commission of other crimes. Therefore, I am categorically against such a check against members of the generosity campaign. The meaning of such a check is to prevent investment in ICO projects by money received by a criminal or simply illegal way. Therefore, members of the generosity campaign who do not invest in ICO projects should not undergo such a check. On this forum they have the right to be anonymous.

This is the main reason why i didndt attempt to participate to these ICOs and bounty campaigns which will require you to have this verifications,because it isnt worth the risk,the rewards wouldnt change the fact that our IDs might be in other's hands anytime soon.I suggest you to be more vigillant in picking ICOs especially when they are suspiciously asking for these imporant informations.

This is the outcome of your stupid decisions,sorry for the language but its true it could be prevent when you are doing your research,its obvious that your IDs can be put or sold in the deepweb,only fools and greedy will participate these ICOs because you can easily wait for the project to be listed in exchanges,wait for the massive dump so you can buy these coins below the ICO price.

On one hand, they are obliged by law to collect those information, on the other hand, they didn't care much about security.
We need to stop this. KYC is ruining the whole crypto idea.

This is one of the reason why i strongly disagree with these verifications,you have been warned and you know what could happen you didnt mind until some incident like this happened,question is what will you do now? you know what will happen to all of your IDs? posibilities are still there even those legit ICOs could have sold these informations after sometime.

People is only intersted in earn money but investments into security and better websites doesn't exist. Unless an ICO really cares about their customers things like this will keep on happening, I don't think all ICO's are in the position of running KYC's and their customers judgement is crucial for this, although not everyone understands the risks posting their personal information has

You guys shouldnt be suprised,it was expected from the start that these people might sold your IDs in the darkweb you have been warned and all of those people who still participated might faced the same faith as what these people experienced,the risk really isnt worth because you can still get these coins without sending your personal informations just wait for these projects to be listed in exchanges im sure you will be making a lot of money.

Not a good thing because most of the people are careless,not knowing the risk of sending their critical informations to someone that they dont know especially thise ICOs conducting this verifications,people had been warned that is why it is in their own will to still participate with these ICO projects,best thing to do is to pray that those people wont sell your informations in the deepweb.

Companies shouldn't ask for people tot do a KYC process because it's cryptocurrency. If the just proceed with the project normally then they would have a better outcome.

Those people who participated these KYC ICOs surely know the risk of sending your personal information and IDs to these unknown people,and if there is someone to blame it is themselves,not anyone because they dont know how much risk they are taking with participating these ICOs,which i believe is not necessary when an ICO isnt residing to the U.S premises.

I think before filling any form of KYC ( which seems a mandatory operation since the scam projects are inflating the community ) projects  we need to get a guarantee that our data are safely & securely entered , we need also to get a certificate that these data won't be shared with any other third party

Smart people will know the risk of sending these informations and IDs to uknown people,most of the people knew it but they choosed to ignore that is why this is one of the consequences that they will faced when their IDs are sold into wrong hands.A lot of people are using the darkweb to do something illegal and you shouldnt be suprised when your name was used to one of these frauds.

These people are not kids,they know what are the risk of sending your IDs and personal informations to these ICOs,legit or not legit you shouldnt be requiring these if you really want o participate get a fake ID then send it as many ICO as you can but if you dont want that,you could wait until these projects get listed into some exchanges.

I am tired of the KYC non-sense. It is just a silly way of avoiding fake accounts but it imposes a burden on your legitima users and a risk that I am no longer going to take. I will just buy after the ICO on decentralised markets.

Here is the identity of the smart smart at stake in choosing which ones are qualified so that our ID will also be stored well without raising many negative things, if seen many people who are interested to join this ICO KYC because they can easily access your contact during this project registered,

KYC in crypto nowadays is similar with sending your ID's to criminals . No one can guarantee safety of your personal data and no one will be responsible for their loss . KYC is a worst thing that happens with crypto over a last years .

Peer Mountain asked for KYC for bounties...first time Ive heard of kyc for bounties. And peer mountain focuses on data protection so not sure whether to give my kyc info or not after these data leaks.

Seems a risky business

Anything can happen since the process we are heading is digital, so there's really no assurance that those who imposed KYC will really secure our information. We have to be very careful and we should only disclose important information to those that we are sure to be legit and trusted.

Here we go. KYC is a just wrong implementation of "regulations" in crypto space. Sadly, it is picked up by more and more ICOs over time. After this experience, I doubt that people will use their legit identity during registrations (not just people whose identity is in unknown hands due to this unfortunate event). You know, what has been put on the internet, that will stay there somewhere. I hope that projects afraid of dumb laws will find another way of obtaining information about their customers without keeping them in danger zone. And that is in combination with internet a million (if not a billion) dollar question.

With KYC, I think there are positive and negative sides.
negative if in wrong use
positively reduces the duplicity of self-data.

I don't invest in coins that have an ICO/ There is no point for a coin to have an ICO, people should remain anonymous all the time.

KYC has too many negative effects and this is the one that im afraid of. we just cant trust a project even if it was a big  project and reveal our identity to them. its too dangerous for next time. except if we are died. those are useless

The ICO should be held accountable for their error. Forcing ICOs to perform KYC without having adequate security protocols or guidelines in place means that leaks like this are likely to continue until someone takes a hammer for it. Stay away from ICOs that mishandle your data.

That is the problem in ICOs that requires you to send your documents to verify your identity when their website get hacked all of our infos, documents including our IDs and passport will be comprimised and will be used on identity fraud schemes that's i never join in ICOs that require verification anyways it's ICO's fault if their investors documents went comprimised and should be compensated or be sued if that happens.

This is our risk. Because many people are not responsible in using the data of others. Therefore we need to be careful and wiser in choosing an ICO Project. Because many hackers look for profits in narrow. And I'm the kind of person who does not like KYC.

There's nothing more gratifying in life than saying something that comes to light. I only wish more heeded the warnings, or actually read this thread to understand that KYC is the most dangerous idea to come to cryptocurrency, at least, in this current environment.

What kind of steps will we take from the theft of our identity against people who have evil intentions? whether we should move away from the project asking to fill the KYC

Nothing that surprises me. I've seen some ICO's now only request KYC over a certain amount. But I advise to never give your scanned passport to anyone online, especially shady ICO projects. If you must do it make sure to blur some sensitive info out and watermark it.

Oh, no, I have been involved in several ico projects and uploaded my passport. Did my private information leak?
I think if this is the case, then the company that specializes in kyc will become a mainstream in the future.

The SelfKey project seems to address this issue, but has given a violent drop in the market price

KYK data leak? is only intersted in earn money but investments into security and better websites doesn't exist..
Unless an ICO really cares about their customers things like this will keep on happening,
I don't think all ICO's are in the position of running KYC's and their customers judgement is crucial for this, although not everyone understands the risks posting their personal information..

Hacking private data is not an isolated case for a long time. I really don't understand why they required scans at the ICO stage. What's the point of that?

Yes I know, there are a few ICOs in which I did not invest just because they looked to risky in terms of the KYC management, not simply for the project or anything.

i also registered to this ico with my own passport. this was last time. i will not send any of my documents to anywhere anymore. anyway it is better to buy from exchanges nowadays. And i dunno why do we need to send our passport to them. crypto market trades are anonymous..

I can not be sure of the integrity of the organizers of the verification of the KYC and for security reasons I refuse to participate in projects requiring verification.

This is one of the reason why i'm not joining ico requires kyc because there are chances that your data will be leaked we should go for civic and velix.id

Omg, this is one of my reason why im not joining some ico though its hard to put a trust as of now. Kyc procedure is a must right mostly on the icos?, but i think kyc procedure should be erase though lot of users being fooled by someone , so i suggest that be more aware thats all.

Since most tokens become cheaper after listing on the exchange, it makes no sense to buy them even with a bonus on ICO. If you take into account the fact that often ask for a KYC, then the purchase on the stock exchange looks most reasonable.

This is what I fear from KYC. Personally, I don't trust a stranger to get my detail personal information.
Crypto world should be anonym. But sometimes ICO destroy it with KYC thing.

Therefore, I do not participate in such projects where you need to send documents or bypass them. I'm afraid for the leak.

That is very clumsy. I do hope that there will be no more cases of KYC data leaks. People trusted that this people will handle their private information carefully but look what happened, it's a mess. I recently signed up for KYC and I am hoping that my info is being handled well and will be secured.

That is why never to send your personal documents for KYC verification, I don't like this stuff because I am not sure to whom I am sending and it will be safe or not. As with these documents, anyone can impersonate your identity or it can be sold to in bad hands, and with that, they may use your identity to participate in other ICOs or using your identity for account verification on crypto exchanges or for other illegal stuff. Better to buy it from decentralized exchanges like forkdelta or IdeX.

As much as we do not want it, but the trend is that the KYC will ask more and more. To reduce the chance of using our data, we can send such documents as a driver's license. Also, on the photo of the document, you can write something like "for KYC only".

These are all bad ico teams who leaked our kyc data. I really hate this kind of thing. They are really irresponsible.

I cant understand how people invest in these ICOs leave alone giving their personal documents like passport to them. You have to be pretty crazy to trust these ICOs with no regulatory over watching them. Most of the ICOs currently are nothing but smoke.

Judging by the comments, those projects that introduce KYC seriously reduce the number of their potential participants.

Now things are getting out of order and control due to huge number low quality projects and ICOs. I have seen some websites asking KYC for bounty and airdrops and their intention it not KYC but to delay token distribution. They do not give any importance to people's privacy 

This is why we cannot blame those companies or countries banning cryptocurrencies and ICOs because of this act. This is now the effect of KYC of those scams ICOs. If this continues, then everything will have a negative impact to the price and the whole crypto world.

This is the main reason i dont usually participate in the ICOs. If anyone's data is so insecure in such space/company how can one be so satisfied with the tokens of the company. The Bitcoin was intended to be anonymous as well as its holders. However, this kind of new system of keeping KYC of the customers is out of the blockchain technology's primary motive. I scare some day some person will be affected for this so called KYC of cryptospace as there always some wrong hand behind the scenario.

There is a possibilities to leak the KYC details to the Darkweb sites as well as your Government authorities also share details to the corporates and advertisement companies. I see many news that some people steel the SSN ID information and etc.
This is not a right move by the both of this side dude. We need to invest on the ICO project unless we do not have faith on the project after we watch the white paper and believe that.

Yeah KYC is very common right now. Even in something like airdrop. An unbelievably people just want to give away their rightful identification documents for just a few dollars. In fact we don't know whether the company truly securing our data or not. I think people are just need to be more careful with their identity

I hate kyc because of this, it's a double-edged sword, on the one hand it's a good hindrance to money laundering and other crimes, but at the same time your data may be in the hands of scammers and it's not known how they can use them

If you sent your data to someone on the Internet and do it regularly, then the chances that they will not be in the third party will tend to zero. The question is how to protect yourself from the undesirable consequences of such actions.

This is an example that KYC should not have for bounty hunters, investors with ICOs! Because our personal information can be used with evil. Even if we say that ICO's clean room is clean, it can be stolen from them! So we are careful about giving our personal information. And it's better not to give anyone here on the internet.

I have always had a problem with how ICOs ask for KYC documents and how they protect them from getting into the hands of unauthorized persons.that's very sad to say the least.

This is what all ICO participants are concerned about. If the use of KYC may result in the use of personal or damaging data.

This is becoming an issue of security. What is the use of asking Bounty hunters to do KYC . I do not understand this, Hunters did not participate in the ICO, rather they only help in promoting the project. And most of them now are attaching bounty payout to doing KYC

this is the problem with ICOs, and main reason why people dont join any of these verifications

they prefer to buy from exchanges

because you wont know how these people will use your IDs into something else

if you insist on contributing ICOs, better to have a fake ID

This is the main reason why I have avoided all ICO's that require KYC verification.  It's not worth the risk and ICO's are not guaranteed to generate profits.  Sometimes it's just cheaper to wait and buy them off of the exchanges. 

Guys, use special services. I think we need one or two dedicated services for KYC that will make all procedures. And it will save data as secure as possible. I hope project in my signature is one of such future services.

If the project is not worth doing then you could just skip out on the KYC. It's a known fact that they could sell the information to someone.

Thats why I never invest in ICOs what wants my personal data. This is a crypto world and it must be simple - choosing a project and sending ETH. That's all.

And some people are giving their passports for airdrops...

 

It will be better to buy any tokens you like from an exchange right after bounties are paid. It will be twice as cheap as during the ico, and nobody makes you disclose any personal data.

Checking with the transfer of the ICO team our identification data and a copy of the passports looks generally very stupid, as we as participants in the signature campaign do not invest in ICO projects. In order for this forum to advertise ICO projects, there is absolutely no point in providing this data. Now, to whom do we provide this data, if about 902 of the ICO campaigns were about a third fraudulent? It is absolutely natural that such data is then used for some bad purpose or even exhibited for general review. It is necessary to boycott such ICOs that require such a test. Perhaps you need to take some other active action.

This has its advantages... The number of bounty hunters has greatly increased in recent years. And about the vulnerability: identity theft is not the worst thing that could happen.

Some investors not see in KYC nothing illegal. And they can don't understand all dangerous for their docs. But I always surprise which goal of KYC for bounty? We do not pay nay money that can be 'dirty'. But why??

As far as I know, the fulfillment of the requirement of passing the KYC procedure is mandatory only for companies and investors from the United States. In addition, bounty hunters should not pass KYC at all.

Well, I think this data leaking might be an important problem and it might lead to various problems for the other ICOs as well. As more numbee of people come to know about this, a lot of them might seriously stop investing in ICOs. There have been a lot of bad news about ICOs recently like the ad bans in social medias and I think this might add to them.

It doesn't matter if it's illegal or not. The most important is that all the data you give is going to a database. Who know what happen with this database after that. Who is going to buy it and is going to use it for?

It's so. But illegal or looks legal is important how ordinary investor makes a decision. You are not in the darkweb. All projects looks clear and promising. That's why KYC looks as ordinary procedure

Now that some of these ICOs had been careless or they were even the scammer themselves. What are the possible ways in which the details can be use wrongly. I wish if the ICO company that leaked the data is known they should list the names of probable any victims and give any top security official so as to be protect the victim if any criminal case arises.

A little creepy for me given how many KYC I've sent out for various ICO projects :D

Scary, Hope these ICO's will become more conscious while handling the data.

Nobody is actually aware who is handling this crypto world. So whatever KYC investors are providing to this unknown world will always leave a question mark in their  mind. No judgment is valid till people really faces their data leak problem.

Exactly. It's the easiest way for bad guys to get your ID - to do the KYC procedure.
No kickback for bank manager or receptionist ... just a few days and thousands bountists have to give you their IDs  :)

Will,no matter this KYC data leak is true or not,the main reason here being anonymously of a person is become identified,due to some new regulation now happen in doing investment in cryptocurrency system,thats why sometimes this things would make a threats to our personality in danger,or our information being submitted in kyc can be used in illegall activities,therefore we hope that this kind of implementation is tolerable.

Sometime your identity leaked out just because you invested in a scam project required KYC, your identity also can be leaked out when you invested in a truthworthy ICO project cause hacker often choose truthworthy and good ICO project to hack cause they know these project often invested by rich guys and they just want to steal identity from these guys with so many purpose like steal bank account or something like that.

This whole issue with kyc has an agenda I guess. Why will something built on anonymity now request identity of members before allowing them participate in sales and even bounties. For me I will give a second thought to projects of such sort.

Kind of sad for the people who will get into many problems because of a stolen identity, but on the other hand I can't feel too bad for them.

I disagree with you. That is not the fuel written anywhere. Now a days if you have to get your ass on the ICO boat then you have to get your KYC Verified before your can enrol into it. Also, this is valid for all the countries and not just the united states. Who said to you that it's just about that country ? I am from India and I need to verify KYC in each ICO that I'm getting enrolled into.

Also most of the big ICO will not even entertain you at the time of presale if you are not verified on the whitelist.

About the data leak, already commented how disturbing that is.

The problem arises, when someone that did not do KYC, turns out to be a terrorist or wants to launder money (there exist AML laws for that). Now, I am not a fan of KYC, because of crypto being anonymous idea as you stated, but I don't see any other way at the moment. In the future, if ICO companies are willing to regulate crypto community with KYC, they should have stronger security measures and ICO participants should be protected with laws that would advise ICOs against selling their data. Right now, there is only some internet form that we have to fill in with our data and send screenshot of our ID. That is not enough and ICO companies should not get away with that!

I experienced the same situation, I did not go through unless I knew and I was confident. It is difficult to trust when asking for personal data including passports and a third party involved. How can we be sure that this transaction is safe and will not sell or own my personal information? Minimal information would be accepted for me. But when asking for more IDs I do not continue the registration.

Wow really this is one of the WORST news I have ever read, since I am becoming fellow crypto fanatic.
These type of things, shouldn't be repeated, let alone that, shouldn't ever happened in first place. Stay safe folks.

Hey. I agree with you. And some projects, first forced to go through this procedure bounty participants, and then do not pay tokens at all. The first is the earnings due to fraud bounty hunter, second earnings, it is selling passports to bounty hunter. Such people should be put in prison.

Well, I also had time to think like that, why the prize hunters have to do the KYC procedure, which I experienced since I became a prize hunter did not have to use KYC to get the prize from the campaign, and I still do not understand until now what is the reason they asked KYC with all gift hunters. ???

This is more reason i do not like giving out my personal data. Imagine, the project has good intention, but it is unfortunate that the data of its customers are being leaked out without their knowledge. I think, if it is mandatory for ICOs to get their users or customers registered through KYC. It will be pertinent for them to ensure that there is adequate security that will enable the data of their customers to be full protected.

For campaigning they do not need the KYC details as a requirement to distribute the tokens mate. I advice you to try on airdrops there you will find the KYC details has been asked there if you participate on signature campaign on any bounties they will not require the KYC details.
Mostof the ERC20 tokens projects would no asked the this details. KYC has been asked by the independent or private network blockchain mostly expect this.

No one can guarantee the security of your personal data, and no one will be responsible for their loss. KYC - the worst thing that happens with cryptography in recent years and contradicts the idea of crypto-currencies.

This is scary. Imagine uploading your personal details online and it ends on the deepweb. icos should ensure the protection , safety and privacy of our personal data because if leaked , it can be used to incriminate innocent people in a crime they know nothing about.

most ICO and bounty now require KYC and ask for all of our personal data .. I totally disagree with KYC for fear of leaking our personal data and being abused for crimes for people who are not responsible. but on the other hand I agree, because this prevents the participation of projects to register multiple accounts.

This is why KYC should be supported in cryptocurrency. We value our information also we should have privacy. Personal Information is so valuable if it gets by an unknown people they might use it for doing bad things.

Also bounty project should not ask KYC for bounty participant since they aint customer tho.

#KYCshouldstop

I think it's a little frightening for me to remember how many KYCs I send for ICO projects. And As more and more people know about this, many of them may actually stop investing in ICO. There is a lot of bad news about ICO recently like advertising ban on social media and I think it might add to them.

The problem is that most ICOS now require KYC, the way it will be to use a third-party passport, but this makes it very difficult

This is a big disadvatage of current digital systems, it is very dangerous to give private data like passport etc. in global platforms, when I faced requirement to provide such data first time I was confused. But I realize that these requests are fair, however I believe that one day (I wish it will happen as soon as possible) somebody will provide solution which would satisfy all parties.

Gross and disgusting is the only way to put this. And moving ahead the only way to combat this problem is to talk with our feet, don't participate in ICOs that require KYC. Doing so exposes you to such risks.

KYC is like a bone in my throat. You have to pass KYC if you want to invest in a good ICO as all of them require KYC now. And every time we pass KYC we face a risk of loosing our personal data :(. It's not the first time when personal data got stolen, but it looks like ICO's don't care much about the security of our data.

I'm actually worried about the KYC data, but I always see from the other side that every project needs its investors data to meet the legal needs of each country.
because now ICO is also banned in some countries. but I hope developers can guarantee the KYC data security of investors

This is just pure b'shit. ICOs should really make sure that the personal information that we share them
will be kept private at all times and not be public in any way possible because we have given them trust
and investments. They should at least  keep our personal information safe because we are the ones that
can/have contribute(d) to their success.

This is what I fear so much. To be honest, KYC is very troublesome as a bounty participant. I think bounty participant should not to follow the KYC process.
As a team project, they should find another solution to against bounty abuses or scammer without using KYC process.

What would you advice for using KYC? Maybe is there some kind of the blockchain platform with KYC service that others ICOs using?

That's why I try not to deal with ICO's using KYC. You can never know for sure who is really standing behind the project and how your personal data can be used.

I also try not to participate in the bounty with KYC.  Because, for sure, I do not understand where my data is going.  Be careful and careful.

some airdrops want to have kyc too. that's a joke. and later we find our data in darknet or on the first page at google. then you can buy your own data   ;D ;D

unfortunately my passport is already leaked several times. it is ridiculous to demand kyc for ico. even when i send kyc they dont accept sometimes or give a very small amount of cap to join. really bullshit...

I think that such cases are in fact tens of times greater. Because not all projects take serious measures to protect the personal information of their investors.

It's not really too surprising. But really it's just another red mark on the who ICO fiasco. Things are just getting worse over time and there's not much on the horizon to indicate that things are going to improve.

Totally agreed.We can see most of bounty managers are asking KYC from hunters.I think it is really unnecessary .Who can take such risk for few dollars.

I totally agree, personally I wouldn't take that chance because we all know that once our data is leaked then we don't know how are those hackers going to exploit it (but for sure its something that will hurt us). So for bounty that are asking for KYC at least take careful of the data or even delete it totally once the bounty is completed and not put it on their servers or something that hackers can take their hands on them.

After I read about this case, I lost all my desire to give someone my real passport details. If such a leak happens, then someone can use my data and create a huge number of problems for me.

If you sent your data to someone on the Internet and do it regularly, then the chances that they will not be in the third party will tend to zero. The question is how to protect yourself from the undesirable consequences of such actions.