Sending in fake ID for KYC

[oleg-mihlov]

I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do.  It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles.  How do these companies verify people if all they have to go on is public information?  Did they even really check the ID's or were they simply collected the data?  How rampant do you think this is?  How many of us are complete fools for turning in our documents when others simply faked it.  Now they have our data and the people who faked it are still secure.

NOT FAIR.

I didn't fake anything, I covered up all the IDS. Because if they had the opportunity to test them (most likely by illegal methods), they would declare it in large print.

[Lemayilleur]

I do not think it's a good idea to send fake documents to the KYC procedure! Firstly, in some projects this can be prosecuted by law, in the second you can simply be banned and prevented from going to any project!

[prehisto]

I think of sending my ID only and only then when there is a very well known and reputable KYC company hired by ICO. If they try to gather data for them self's ,that is just stupid and i dont even think of it.

[Primal6666]

I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do.  It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles.  How do these companies verify people if all they have to go on is public information?  Did they even really check the ID's or were they simply collected the data?  How rampant do you think this is?  How many of us are complete fools for turning in our documents when others simply faked it.  Now they have our data and the people who faked it are still secure.

NOT FAIR.

This is how it happens, a huge number of people use fake or other documents to register more than one dozen accounts on the ICO. The procedure in my opinion is idiotic, and nobody needs it. I hope one day they will understand that it is necessary to provide a legal, juridical documents about personal data safety.

[markieeeloy]

Sometimes it is right to send prior documents to support the KYC. It is required for their KYC/AML law compliance. But in sending fake documents when you purchase it on the ico, once the team finds out that you send fake documents, you may have a possibilities to be banned by the ico and cant get the amount you purchased.

[bitsmichel]

If you send false data during KYC, then do not be surprised if false tokens are sent to you. It should be determined whether you play the rules of regulators and pass KYC, or simply do not participate in similar projects. Because of the uncertain behavior and fussiness of the masses - regulators need to be.

Very wise comment men, but according to this, we need to send our ID only for those campaigns, which are trustworthy and the official. Avoiding all the scam projects, which isn't so easy I would say. Nevertheless, I think that ICO process would be changed in near future into something else.

[Oasisman]

If you send false data during KYC, then do not be surprised if false tokens are sent to you. It should be determined whether you play the rules of regulators and pass KYC, or simply do not participate in similar projects. Because of the uncertain behavior and fussiness of the masses - regulators need to be.

Those who send fake ID's or info may get through the KYC verification, but on a latter part when transactions become huge that deals a huge amount of money, there might be a further KYC verification that asks for another piece of information to procede on your transaction, and that would make your assets on hold.

[skiorf]

Sending KYC with the fake ID is very not fair. however, I don't know what make them do this. I guess that they may have some accounts or live on the forbidden countries to invest in the ICO. that is why they prefer to send the fake ID. But I also believe that the team or developer has their best system to avoid this.

[blo8i]

Yeah, I've heard about that too. They use some sort of AI bot for docs/faces recognition and don't do that manually. There is nothing we can do.

[sammy2394]

I think there are some procedures that staff/admin only check a certain part of a data (kyc) means that not all in meticulous with detail,this is what make people to verify with a fake ID and from negligence is sometimes even honest so get carried away and come receive the impact,either banned ip or country.But not all admin/dev,there are still many who carefully in detail the overall kyc

[sammy2394]

I also wonder sometimes about the machine they use for the KYC check. A lot of people submit fake ID and the machine will still confirm the fake ID as original one. In my own view I think all those KYC are not genuine.

[Btcirene88]

I also wonder sometimes about the machine they use for the KYC check. A lot of people submit fake ID and the machine will still confirm the fake ID as original one. In my own view I think all those KYC are not genuine.

I think they are genuine ID submitted on the process of veriyfing accounts to proof of know your customers because in the law that is a criminal act, it can be charge for immediate prison for using other personal information of other person not giving you an authority. Hacking personal information is a big sin.

[[ProTrader]]

I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do.  It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles.  How do these companies verify people if all they have to go on is public information?  Did they even really check the ID's or were they simply collected the data?  How rampant do you think this is?  How many of us are complete fools for turning in our documents when others simply faked it.  Now they have our data and the people who faked it are still secure.

NOT FAIR.

KYC implementation is just for compliance for the requirements of securities and government. The ICO team don't really care if your ID is is fake or not. What they really care about us the investors that will pour money on their project.

[setancredit3]

In my opinion, KYC should be provided for government / bank / insurance, when a crypto project asks it someday, I am one with those who send original ID to KYC, Make me wonder where they keep our data later, do they totally matching or securing all the IDs we provide, Had I known this before, I guess, I would not give the original ID. I will send a fake instead, for my protection.

[bitsmichel]

It is a hard question for me, because I am swinging between my consciousness, and between fear, that somebody would use my documents, in order to take some loans, or something else. So obviously, I am just trying to avoid those campaigns which are requiring kyc process, or similar.

[hoangenc9z99]

This is really a question about the legitimacy of KYC, we all know from a fact that KYC can be easily done without sending your real identity. Some people send fake documents for their own purpose, eg.

[Remat34]

This issue is one that requires a serious debates all across the entire blockchain world. The purpose of kyc to my understanding is to verify the authenticity of every customers information, but the other is the case, as people keep sending in fake details.

[teriyakiboz]

sometimes i'm a bit hesitant to send id for kyc, worried about being misused for adverse purposes, but many coins that require kyc to complete its requirements ...

[wildflower18]

sometimes i'm a bit hesitant to send id for kyc, worried about being misused for adverse purposes, but many coins that require kyc to complete its requirements ...

Those bounty required kyc to the bounty participants is really hard to provide. I am also hard to follow these requirement as this is not safe sending your id to others.

[mr.robot8]

i am against regardless of the kyc procedures for both the airdrop and the bounty that for the ico, go against the principle of anonymity of the altcoin, then once sent yours documents online (then to whom?) remain forever on the net, i will never join any initiative that requires kyc