ICO scammers, Sell your uploaded KYC ID documents, adress for a lot of money.

[oapieNL]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example




This adres http://wallstyizjhkrvmj.onion where they sell that shit

[1715597271]

1715597271

[1715597271]

1715597271

[tranquyen123456]

I am also concerned about the bounty hunting campaign that the bounty hunter has taken. I find that to be unreasonable, we are selling our information cheaply

[milewilda]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example

This is the big risk when you just carelessly joining up bounty campaigns or ICO's which do ask KYC. You wont even know if they are legit or not or just pretending to launch to
get and collect users information or documentation. Checking on the price above each information do really cost good amount. This is a deepweeb url since its on .onion domain.
Im not surprised to see such thing into that place.

[o_e_l_e_o]

It can take years to rebuild your life and credit after identity theft, yet people are willing to upload their documents to any random person that can make a website - be it an ICO, an exchange, whatever.

In an area where privacy is supposed to be one of the underlying principles, I will never understand why people are so willing to give up theirs.

[akosijue]

I'm a bounty hunter and sometimes the bounty management or the ICO teams requires me to do KYC but I only do the trustworthy ones like the ones managed by credible bounty managements like Amazix. Anyways, this kind of confirms what I thought was gonna happen when I did the KYC but I'm just hoping that I don't get arrested if I travel around the world or be dragged out of my country or get me shot out of nowhere and no reason I know.

[oapieNL]

in particular, they can destroy families for their lives if you have to pay huge tax amounts because someone else has traded a lot on your name.

something needs to be done about this. This is a big serious problem.

I also think they steal your password and email addresses that you used to sign up for a scam ico account. which they try out for example your email address and trading accounts to steal money.

[The Sceptical Chymist]

It can take years to rebuild your life and credit after identity theft, yet people are willing to upload their documents to any random person that can make a website - be it an ICO, an exchange, whatever.

Yup.  And these people who willingly give up pieces of their identity for projects whose origin and security is at best unknown are being stupid.  You just never know what they're going to do with that information--if the documents and photos end up on the dark web for sale, it isn't surprising in the least.

If signature campaigns ever start requiring KYC documents, that'll be the last time I participate in one.  I didn't even need this example to know that this could be the fate of my identity.  I was reluctant to provide Kraken with KYC info when they asked for it, and I ended up just not using their exchange because of it.  There is too much identity theft going on and if you don't know the people you're dealing with you're taking too much of a risk.  IMO no one should disclose their identity for a bounty.  Even if the project itself isn't selling info, they could easily get hacked.  Who knows what they do for security or with the information.

[FreeOxen]

Yup, it is this reason why you are best to be very very very careful with your identity documents and information - don't just blindly give them out to a random stranger offering a few measly coins - it's not worth it and your life can be ruined by identity theft. It's just not worth it everyone - always be cautious with your identifying details.

[LeGaulois]

Who is crazy for sending his personal information to a new site/project that you just heard about some days ago and from which you don't know anyone working there. Better to sell your own ID yourself on the www at least you get some money. Privacy is costly nowadays

[o_e_l_e_o]

I was reluctant to provide Kraken with KYC info when they asked for it, and I ended up just not using their exchange because of it.

Even if the exchange is reputable, like Kraken for example, you have to also have complete faith in their security. Given the number of hacks and leaks that occur daily, not just in crypto but across all online companies, the only safe course of action is to trust no one.

[Visteryy]

Who is crazy for sending his personal information to a new site/project that you just heard about some days ago and from which you don't know anyone working there. Better to sell your own ID yourself on the www at least you get some money. Privacy is costly nowadays

We should consider these actions. It will lead to bad results. Affects individual reputation. It is uncomfortable for bad guys to behave badly. And we should be alert and watch out for bad things to come.

[oapieNL]

Unfortunately, I can say that the government such as America and China are also guilty of this, which means that you are constantly dealing with KYC / AML procces.
They impose rules that have not been thought about. Rules were introduced as a matter of urgency because they knew that they could miss out on a lot of tax money when bitcoin rose at an extremely fast pace. They have not even looked at new problems caused by these regulations.

They lay down rules such as KYC / AML to stop money laundering and tax evasion to keep criminals out. They know very well that there is no solution for this and there is never a solution to this. In reality, they just know that they can earn a lot of money from people who have a bit of altcoins or bitcoin.
Now that the American government finally earns their 30% tax from their citizens, they are happy and the rest of what happens does not matter much.
That these scam projects sell your data on the darkweb for even more bitcoin is very big because they know how it all works.

Because of all these senseless rules, your id data fall very easily into the hands of these criminal scammers, as a result of which it is precisely the decent citizens who fall victim to it. Probably you are not even helped by the government and you remain guilty and you have to pay for it. They know that you have crypto coins in your possession because you gave them honestly with the tax. Prove that the other 3 million dollar bitcoins are not yours and that someone has used your data to evade taxes

The government must solve this problem, I think. If they impose rules, they must immediately solve new problems arising from the regulations.


There is a big bug in the KYC / AML verification procces on exchanges or ico projects. This is the same on the largest exchanges. If you live in another country where the exchange is located, data can not be checked for authenticity at all. You get a fully approved verification even on the largest exchanges in the name of non-existent people. Name, surname, date of birth and citizen number on the front and back of your own ID card can be adjusted with photoshop to anything you want. Your own passport photo on the ID card simply leaves you original. You can get through this whole process without any problems.

They can better eliminate KYC / AML verification procces on exchanges and ico projects because it is a worthless system. They can not check personal data because they are legally not entitled to check personal data if you from a different country.

[Strufmbae]

All i say is that i am very careful regarding to all of my informations before entering into some project that requires kyc,  most of it that i have observed is the https from search engine, without this https green i really don't trust website with less security that is made by some developers as a part of the project. Choose wisely. 

[o_e_l_e_o]

Because of all these senseless rules, your id data fall very easily into the hands of these criminal scammers, as a result of which it is precisely the decent citizens who fall victim to it.

I completely disagree. It is people's own stupidity that caused their documents to end up in the hands of scammers, not some government rule. No one is forcing you to send your documents to anyone.

The government must solve this problem, I think. If they impose rules, they must immediately solve new problems arising from the regulations.

I'm sorry, but if you think having your identity stolen freely giving away your identity in return for a few cents worth of some trash altcoin is worth it, then no amount of new government rules are going to protect you from your own stupidity.

[Oasisman]

Well, we all knew this one comming right after the KYC was implemented. Even without the though of identity theft, we are in doubt in giving away our information, because it could be used against us anytime.  Now, bounty hunters must be very careful when they ask for KYC verification, what the OP posted is one of many examples you will end up when your identity lands in the wrong hands. I'm not gonna risks my identity with these complete strangers over the internet just to get rewards that has no value yet.

[oapieNL]

Because of all these senseless rules, your id data fall very easily into the hands of these criminal scammers, as a result of which it is precisely the decent citizens who fall victim to it.

I completely disagree. It is people's own stupidity that caused their documents to end up in the hands of scammers, not some government rule. No one is forcing you to send your documents to anyone.

The government must solve this problem, I think. If they impose rules, they must immediately solve new problems arising from the regulations.

I'm sorry, but if you think having your identity stolen freely giving away your identity in return for a few cents worth of some trash altcoin is worth it, then no amount of new government rules are going to protect you from your own stupidity.

We may differ in opinion. I do say that it comes from the American government. I know what I am talking about and come up with facts.

I am almost certain that you have been crypto for less than 1 year. Otherwise you could see something of change.
Bittrex, Poloniex, as an example. These are exchanges from America. People who have trade in  crypto for more than 1.5 years probably know what I mean. 1.5 years ago, these were the largest exchanges.  You could still quietly withdraw from your trading account on these 2 exchanges ,up to 2 btc without sending your id data.

Suddenly that was no longer possible around October last year at bittrex. Not much later that happened at poloniex.
You could not even take your money from your trading accounts. You were required to send all your data for AML / KYC before you could withdraw 1 cent from your account.
No, no one obliges you, no one obliges you to send your ID data. No indeed people are very stupid when you send your ID data so that you can withdraw money from your trading account. Leave that $ 200,000 on the account. They may have it for free. It only costs 500 days and a total of 8,000 hours. No indeed I agree with you.
I'd rather throw that $ 200,000 away than I'd be so stupid to send identity data to get your $ 200,000 back.

With European exchanges you do not suffer from the kyc / aml if you send and send normal and small amounts. Even with fiat> crypto and crypto> fiat transactions, I can withdraw money from and from my account to and from my normal bank account without a mandatory kyc / aml.

Well, you're talking about stupid people who leave their data behind in scam projects. to see your signature do it yourself.
check: https://forum.bitcoingambling.io/threads/beware-of-sportsbet-io-kyc-aml-requirements-possible-scam.220/ 

[redtag070]

I think that KYC verification is problematic in a sense.
In particular, the fact that personal information data is stolen is suspected to be forged and used for another crime.
It is a problem to be a criminal without knowing it.


How about the idea that management will first disclose KYC verification rather than asking the user for KYC verification?

It is to make it impossible to escape fraud and make it impossible to do the same ICO and project.

[oapieNL]

To solve a large part of this problem, all KYC / AML inspections must be done by a single central company for all countries.
Documents should no longer be uploaded via exchanges or ico websites.

Something needs to be developed from a system of a Central KYC / AML inspector. Where exchanges and ico projects can not reach this data. If the auditor has given this approval, exchanges or ico projects must then be notified that they can fully verify your account.

In this way, this problem is almost completely solved.
But it only works if all countries in the world work together so that the inspector has access to personal data in every country. so that KYC / AML can check this data with the data from the government system.

[buwaytress]

It can take years to rebuild your life and credit after identity theft, yet people are willing to upload their documents to any random person that can make a website - be it an ICO, an exchange, whatever.

In an area where privacy is supposed to be one of the underlying principles, I will never understand why people are so willing to give up theirs.

And this is precisely what people aren't prepared for. I've been a minor victim in the past, wasn't much of a reputational damage as it was a clear impersonation, but this was why for many years I never even so much as used a pic online for social media.

Unfortunately, changing my career has forced me to use my identity online. I've so far stayed away from exchanges that require anything more than a phone number to verify, although for Localbitcoins I have verified my ID. Wish Bisq could have come sooner! Basically, remote work and being involved in Bitcoin has forced me to get to unprecedented levels of KYC and identity exposure haha. My small consolation is that my nationality isn't the most desired, and I maintain very short expiry documents deliberately (it's easy to get a renewal in my country).

But you're right. Too many people willing to part with their privacy for a fistful of dollars.

[kram31]

This is why KYC is not a must if the ICO is not a success yet.
they also distribute the token after ICO so why do we need to do KYC at first?
Well doing KYC for investment is not a hundred percent sure for the team also.
as people can give fake information and documents.

[o_e_l_e_o]

No indeed people are very stupid when you send your ID data so that you can withdraw money from your trading account. Leave that $ 200,000 on the account. They may have it for free. It only costs 500 days and a total of 8,000 hours. No indeed I agree with you.
I'd rather throw that $ 200,000 away than I'd be so stupid to send identity data to get your $ 200,000 back.

I have used several exchanges over the years. I have provided a real life name and address to one exchange only, and I have never performed a full KYC or sent my documents to anyone. I have never had any coins locked behind a KYC wall or similar.

If you leave $200,000 on an exchange, and have your account locked behind mandatory KYC, then that is entirely your own fault. "Not your keys, not your Bitcoin."

To solve a large part of this problem, all KYC / AML inspections must be done by a single central company for all countries.

No offence, but this is a truly awful idea. You want to create a single, centralised database which holds the identity and documents of everyone involved in crypto? That is a massive security risk, as well as a prime target for hackers.

[Findingnemo]

IF a scam projects ask for KYC documents then your details will get probably exposed in the darknet but even in most of the counties already our details are illegally obtained and sell for money.So know about the legitimacy of the project before giving your valuable details.

[buwaytress]

To solve a large part of this problem, all KYC / AML inspections must be done by a single central company for all countries.

No offence, but this is a truly awful idea. You want to create a single, centralised database which holds the identity and documents of everyone involved in crypto? That is a massive security risk, as well as a prime target for hackers.

oapieNL: this is the precise reason that so much data has been compromised, so much been sold, so much being unethically used. And most of this goes on unbeknownst to either the people those data belongs to or even to the centralised companies supposedly keeping custody. They all become exposed when whistleblowers report them (refer Facebook) or when people discover their data being sold online (refer multiple stories of how healthcare data particularly are all sold online from major countries, because their health departments just left citizens data lying around for easy access).

Hackers would love this to happen too, because it makes their job of locating the data easier. You're basically painting a large target on the company, and inviting hackers to try.

[Omela44]

Terrifying as some people make their money. Because of that, i will certainly never send my personal data over the internet. The fear is great in me that this data is stolen. Im definitely one of the few people who have never bought anything online.

[BitCent Exchange]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example




This adres http://wallstyizjhkrvmj.onion where they sell that shit

They're really crazy. Willing to do everything for easy money.

[BitCent Exchange]

This is why KYC is not a must if the ICO is not a success yet.
they also distribute the token after ICO so why do we need to do KYC at first?
Well doing KYC for investment is not a hundred percent sure for the team also.
as people can give fake information and documents.

Agreed with you.

[Mahanton]

No indeed people are very stupid when you send your ID data so that you can withdraw money from your trading account. Leave that $ 200,000 on the account. They may have it for free. It only costs 500 days and a total of 8,000 hours. No indeed I agree with you.
I'd rather throw that $ 200,000 away than I'd be so stupid to send identity data to get your $ 200,000 back.

I have used several exchanges over the years. I have provided a real life name and address to one exchange only, and I have never performed a full KYC or sent my documents to anyone. I have never had any coins locked behind a KYC wall or similar.

If you leave $200,000 on an exchange, and have your account locked behind mandatory KYC, then that is entirely your own fault. "Not your keys, not your Bitcoin."

For some people they do able to say such thing but when they do already on the middle of the situation they would do anything just to get those $200k on your trading account. Who the hell would let those money sit and make it as a donation to exchangers?

To solve a large part of this problem, all KYC / AML inspections must be done by a single central company for all countries.

No offence, but this is a truly awful idea. You want to create a single, centralised database which holds the identity and documents of everyone involved in crypto? That is a massive security risk, as well as a prime target for hackers.

This would really require strong security if you do tend to have a central database on all informations being collected.

[giacatluong]

Oh my God, anything can happen. When we have to work hard to earn a living, they take their identity to make a living, so brazen and shameful to those who are doing so. After this I must carefully consider when giving my KYC to them.

[hulla]

Who is crazy for sending his personal information to a new site/project that you just heard about some days ago and from which you don't know anyone working there. Better to sell your own ID yourself on the www at least you get some money. Privacy is costly nowadays

Only someone who is unwise or lacking a good sense will send his/her personal information to new site/project but I want you to know that the new site/project are not the only one who is guilty of this situations because the well used or famous site/project are also guilty of selling their user information and this is the reason why I don't support the KYC thing when it first implemented last year.

[Alpinat]

This is very alarming to all people who are investing in such ICO and also to those bounty hunters that providing their identities to website that they are working for. Many of the bounty hunters can relate in this. So always choose wisely in bounty and in ICO because they can use your identity in other crime.

[maarx]

This is very alarming to all people who are investing in such ICO and also to those bounty hunters that providing their identities to website that they are working for. Many of the bounty hunters can relate in this. So always choose wisely in bounty and in ICO because they can use your identity in other crime.

This has become common issues now. Many documents are stolen and used for illegal act. This is really bad and even becomes worst. This is the reason many here do not wish to hand over the documents when an ICO asks to do KYC for the respective bounty or any other social media campaigns. The ICO needs to safeguard the documents.

[suzanne5223]

Well, I'm not shock or surprise that something like this happened because the US SEC and every government involve created the KYC scheme for their selfish reason and to pokenose into crypto currency which we both know that the crypto currency hacker and scammer will seize it as opportunity.

[srcnckr]

Oh my God, anything can happen. When we have to work hard to earn a living, they take their identity to make a living, so brazen and shameful to those who are doing so. After this I must carefully consider when giving my KYC to them.

This is a shameful job and must be immediately eliminated in this market. I feel that these are bad sectors that make the cryptocurrency market not get the attention of many investors.

[lienfaye]

This is one of the possible consequences for giving away our personal document to random projects for the hope we can earn, hence we tend to abide in the kyc system that they require. But if you're careful and not easily convince by those dev "claiming the value of their tokens will soar high" then you wont end up compromising your identity.

IF a scam projects ask for KYC documents then your details will get probably exposed in the darknet but even in most of the counties already our details are illegally obtained and sell for money.So know about the legitimacy of the project before giving your valuable details.

The problem is its quite hard to identify if the project is scam, nowadays scammers are also upgrading as being professional to victimized innocent investors who usually new in crypto world and they are the ones who usually fall into this trap.

[bohr]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example

This adres http://wallstyizjhkrvmj.onion where they sell that shit

Unfortunately this is something that I thought it will happen as soon as the icos started to require KYC, there are many legitimate icos out there and they are forced to comply with the law and follow those rules but as we know scammers are a bunch of opportunistic people and they have found another way to make money, as if it was not enough they they stole your money now they can steal your identity as well.

[Thirdspace]

that is one of possible reasons why more and more ICOs are asking for KYC verification
they hide behind the KYC regulations and act like legitimate businesses
but it's just another trick to steal people personal information
and that's why many crypto enthusiasts will try as much as possible to avoid KYC procedure
the KYC stuff is just against the idea of pseudonymous in peer-to-peer crypto currency

[entrepmind23]

that is one of possible reasons why more and more ICOs are asking for KYC verification
they hide behind the KYC regulations and act like legitimate businesses
but it's just another trick to steal people personal information
and that's why many crypto enthusiasts will try as much as possible to avoid KYC procedure
the KYC stuff is just against the idea of pseudonymous in peer-to-peer crypto currency

This is the reason why I don't join bounties that ask for KYC because they might be just another company who would be doing this. Even if they wouldn't be able to collect huge amount of money in their scammy ICO, they can still get some money by selling the information of those investors who wouldn't only lost their money but their identity were sold as well. As for the bounty hunters who most probably would be thousands of them if the ICO is famous and many bounty participants, then they can still get large amount from selling those documents.

Unfortunately this is something that I thought it will happen as soon as the icos started to require KYC, there are many legitimate icos out there and they are forced to comply with the law and follow those rules but as we know scammers are a bunch of opportunistic people and they have found another way to make money, as if it was not enough they they stole your money now they can steal your identity as well.

Yes, those scam ICOs would tell the people to pass KYC because they are just following regulation. Since scam ICOs are getting ahead nowadays, I would just choose to buy the coin when listed in an exchange. There is a possibility anyway that the price would be lower than ICO and if you think about it, it would still be the same as getting the bonuses during ICO.

[$anounimus$]

yes you are right it is the worst possibility they will do and I hope you can avoid the ico program that tells you like that, because the cryptocurrency should be confidential privacy of the user there should be nothing to know if you submit a KYC like that will make yourself you are threatened because your identity can be used for criminal acts like that.

[CoinEraser]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example
-snip-

That's one reason why i don't do everything that KYC required from me. KYC is a no go for me, especially in the Crypto area. That's exactly what i don't want anyone to be able to buy my personal data on the internet later. besides, one advantage of crypto was that it's semi-anonymous and through KYC it's getting more and more removed. I just don't want and will not support that and hope that your contribution here will shake people up a little and they see how bad KYC is. 

[oapieNL]

With this shit, im happy that i  used everytime a copy from my id card, but i chance the cart with photoshop. I change my name and birthday and my personal number to a non-existent person. my passport photo and selfie are only original. this way I prevent my id going to being stolen. I did used it at exchanges such as bittrex and poloniex and also several icos. I came everywhere through the kyc / aml without any problems.

[Frosz]

With this shit, im happy that i  used everytime a copy from my id card, but i chance the cart with photoshop. I change my name and birthday and my personal number to a non-existent person. my passport photo and selfie are only original. this way I prevent my id going to being stolen. I did used it at exchanges such as bittrex and poloniex and also several icos. I came everywhere through the kyc / aml without any problems.

Proves to show that collecting all image capture can be easily replaced by normal text fields. I don't usually participate in KYC that requires submitting photo IDs. Text fields are still OK but isn't the best either.

[bitbunnny]

Everyone of us is responsible for personal data and sensitive information. Before you give them to someone you should check all available information and make your due dilligence.
Unfortunately many ICOs turn to be scam and are a cover to get to personal data that will be later used for biger scams and that can make you some serious damage.
So, be very careful and don't just think about money because at the end money could be the least of your problems.

[audaciousbeing]

The beginning of my distrust with ICOs and Bounties are in the areas of ''white-list'' that they always hide under. It has gotten to the point that if I developed an interest in a particular project and I decide to check it out, the moment the information that is being asked in other to participate is invading on my privacy, I just move on without the option of coming back to check it out.

Its an open secret that peoples identity is being traded on the dark web but at least that one is being stolen and the original identity owner is not aware of but not for those who willingly gave those details because of few pennies that they would spend within few days while the whole definition of their existence is being traded to the both lowest and highest bidders depending on the circumstances.

Unfortunately, no matter how hard the message is being sounded, you will still see people engaging in these kind of activities because their identity is not so valuable to them unlike the immediate need they have forgetting that later in the future, they might even have the difficulty of proving that they are the person they claim to be because someone else has used their details.

[sunflower_11438]

This is a very interesting topic
it is the negative side of the centralized world
In the world of bitcoin and cryptocurrency we gain the trust of others by building a reputation
as in this bitcointalk forum, senior members will be much more trusted than junior members

[kram31]

To have a KYC in an ICO is good and healthy for the ICO and the team.
But at the same time it is not good and safe for the investors.
personal information are being shared, privacy is being in danger.
At first, Cryptocurrency was created and users be anonymous.

[oapieNL]

With this you can see again that interference from the government makes more damage than it helps.
bitcoin and the altcoins have been set up to be able to conduct fast money transactions anonymously and without the intervention of the central banks. due to their interference we have lost all these things.

wherever they know what they can earn or lose a lot of money, they oppose and are seen as something criminal.

drugs such as cocaine, xtc, mdma is forbidden and you are punishable because it destroys lives.
Acohol and tobacco, are just as damaging, but not forbidden, because they are heavily taxed and much earned by the government.
Cannabis suddenly becomes legally available in many places because they can now earn a lot of money because cultivation is controlled by the government.
 why are casinos not forbidden and online gambling games? It is still very addictive. That is also legal as long as the government can receive a lot of tax on this. crypto is just like that. if they can earn on it, it will be accepted

[Baofeng]

This is why I'm totally against ICO requiring bounty hunters to submit their KYC because it's possible that it can go to the darkweb and we all know that we don't like our identify to be stolen. Like this ICO:

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

Pretty much you are fucked up with your data found its way on the darkweb.

[manismanja]

I think that is very terrible and you should not give your identity to ico which is not clear, try to make ico founder pass KYC to icobench.

[bohr]

yes you are right it is the worst possibility they will do and I hope you can avoid the ico program that tells you like that, because the cryptocurrency should be confidential privacy of the user there should be nothing to know if you submit a KYC like that will make yourself you are threatened because your identity can be used for criminal acts like that.

This is what I'm seeing as well, many people are avoiding the projects that ask for them to go through KYC and in my opinion it makes complete sense, cryptocurrencies are supposed to give you some level of anonymity and the regulations put in place are trying to take that away from their users and I really think it's not fair and that we should not allow this anymore.

[chuyengia2244]

I think that is very terrible and you should not give your identity to ico which is not clear, try to make ico founder pass KYC to icobench.

It is terrible but once invested in ICO will encounter this situation. Icobench also should not trust absolute, the expert will also have a mistake. While too many ICO scams, information leakage is inevitable.

[PlayChip]

Even ICOs need to be careful who they partner with for KYC purposes.

We came across a third party who offered their services for KYC and AML, before discovering they had been accused recently been accused of blackmailing another ICO. More can be read about it here - https://officialtedblog.com/tokenget-blockchainmob-mobilink-coin/

Bottom line is you must to be careful when sharing any kind of sensitive information with any third party. Your ID is more valuable than your private key. Too much personal information about us is currently online - don't put any more on there than is absolutely necessary. Especially for an airdrop!

[millensharon8]

Even ICOs need to be careful who they partner with for KYC purposes.

We came across a third party who offered their services for KYC and AML, before discovering they had been accused recently been accused of blackmailing another ICO. More can be read about it here - https://officialtedblog.com/tokenget-blockchainmob-mobilink-coin/

Bottom line is you must to be careful when sharing any kind of sensitive information with any third party. Your ID is more valuable than your private key. Too much personal information about us is currently online - don't put any more on there than is absolutely necessary. Especially for an airdrop!

Now I see one of the major reasons why a lot of users in this space are always never comfortable with KYC unless they just feel it is a project worth proceeding or some group of team that can be trusted which like you said most of the whole KYC thing is outsourced. Honestly this is just crazy!

[Nahl]

This why usually i will skipped ICO with KYC required because i was fear they will stole my personal ID but unfortunately that some of people were not too aware about scam ICO with KYC purposse and all of they think is how to get money but they looks never thinking the risk from provide our personal ID to someone else

[Myart]

 I find that to be unreasonable, we are selling our information cheaply

[marine4u]

This why usually i will skipped ICO with KYC required because i was fear they will stole my personal ID but unfortunately that some of people were not too aware about scam ICO with KYC purposse and all of they think is how to get money but they looks never thinking the risk from provide our personal ID to someone else

This is really a very unprofessional way of doing bad projects, which discredits investors for ICO projects. I hope these projects will soon be excluded from this market to provide a better investment environment.

[thinkright]

It is unfortunate all this is happening in the crypto world. We are being prone to data compromise each and every day. This is a call for action for bounty hunters to be conscious of the kind of programs we join.

[XIANNE25]

Yes for me it's against my will sometimes to give information about me if I'm a little bit doubt about the project. But there's no choice but to submit documents inorder to receive tokens we bought or from bounty campaign

[Bernardo lewanusa]

Yes for me it's against my will sometimes to give information about me if I'm a little bit doubt about the project. But there's no choice but to submit documents inorder to receive tokens we bought or from bounty campaign

Many developers are criminals in disguise and they keep claiming they need the identities verification in regards of countrys restricted from ICO. Though some developers are genuine but you can't trust anyone.

[Freddy11]

Since I am just a new bounty hunter. I look for an ICO which has no KYC or has less personal information required.

[marlboroza]

Parents always teach kids not to trust strangers and not to give any information online especially copy of passports, id and other documents.
Funny, today's kids are making people to give them credentials and the best part is - they will even take money for it.

I find that to be unreasonable, we are selling our information cheaply

You are not selling anything, you are the one who is paying to give your credentials to some random person on internet  

Yes for me it's against my will sometimes to give information about me if I'm a little bit doubt about the project. But there's no choice but to submit documents inorder to receive tokens we bought or from bounty campaign

Of course there is choice, you can choose not to give your documents. Is your identity worth couple of hundred dollars?  

[Ironmaiden]

Parents always teach kids not to trust strangers and not to give any information online especially copy of passports, id and other documents.
Funny, today's kids are making people to give them credentials and the best part is - they will even take money for it.

I find that to be unreasonable, we are selling our information cheaply

You are not selling anything, you are the one who is paying to give your credentials to some random person on internet  

Yes for me it's against my will sometimes to give information about me if I'm a little bit doubt about the project. But there's no choice but to submit documents inorder to receive tokens we bought or from bounty campaign

Of course there is choice, you can choose not to give your documents. Is your identity worth couple of hundred dollars?  

I will certainly never send my personal data over the internet. The fear is great in me that this data is stolen.
I'm definitely one of the few people who have never bought anything online.

[kpd918@ra]

I participated in many bonus programs and ico, there are many of them compulsory KYC.I am very anxious when the ico and the campaign has collected personal information and sell personal information

[glowing10]

I participated in many bonus programs and ico, there are many of them compulsory KYC.I am very anxious when the ico and the campaign has collected personal information and sell personal information

This is the reason people do not participate in many ICO where they require the KYC to be done as they are not sure how they will use the data and sell it . Thus it is better not to only own such ICO coins where the risk is higher.

[imsotiredofmoviereboots]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example




This adres http://wallstyizjhkrvmj.onion where they sell that shit

That's really frightening. I'm sure that this kind of case can only be possible by those airdrop participants. Most of them are uneducated and the proof is they still continue to join even there are a lot of scams there and even KYC is a must. I want to salute my fellow participants who did not give up any of their info just for a small amount.

[verguat33]

This why usually i will skipped ICO with KYC required because i was fear they will stole my personal ID but unfortunately that some of people were not too aware about scam ICO with KYC purposse and all of they think is how to get money but they looks never thinking the risk from provide our personal ID to someone else

This is really a very unprofessional way of doing bad projects, which discredits investors for ICO projects. I hope these projects will soon be excluded from this market to provide a better investment environment.

Unprofessional? You think scammers care about ethics or something? If they do, they would not be a scam in the first place, don't you think? What is very important for investors is to know how they want to be sharing their information, where they want to share such information and what they are actually sharing.

Every Tom, Dick and Harry nowadays want to invest in ICOs without understanding all that is needed to invest in the first place and that is where they usually get their hands burned eventually until they not just lose their funds but in this case, lose their identities as well.

[nniecan001]

You can see how resourceful the people is... they do everything even faking some important document as well. This is not new here in crypto market, but this one is so new cause the KYC/AML is just started on this year 2018, if I'm not mistaken.

But is it illegal to make a fake KYC/AML as a bounty hunter? Sometimes I don't want them to know who I am, cause I'm a disable person, just a sort of...

[watashi007]

yes you are right it is the worst possibility they will do and I hope you can avoid the ico program that tells you like that, because the cryptocurrency should be confidential privacy of the user there should be nothing to know if you submit a KYC like that will make yourself you are threatened because your identity can be used for criminal acts like that.

When we have to work hard to earn a living, they take their identity to make a living, so brazen and shameful to those who are doing so. After this I must carefully consider when giving my KYC to them.

[bohr]

Even ICOs need to be careful who they partner with for KYC purposes.

We came across a third party who offered their services for KYC and AML, before discovering they had been accused recently been accused of blackmailing another ICO. More can be read about it here - https://officialtedblog.com/tokenget-blockchainmob-mobilink-coin/

Bottom line is you must to be careful when sharing any kind of sensitive information with any third party. Your ID is more valuable than your private key. Too much personal information about us is currently online - don't put any more on there than is absolutely necessary. Especially for an airdrop!

It is interesting that you bring this point and you are correct even icos need to be very careful about which partners they choose to take, I have seen many icos collapsing even if they had a good project and a good set of developers just because one person infiltrated into the ico and decided to destroy the project from the inside, so it is critical not only that we protect our information, the developers of icos need to do the same with their information and with our information.

[badaovodich]

You should not provide KYC, personal information, images to people or uncertain projects. Giving information means that it can be used illegally. I will not risk strangers totally on the internet just to get rewards without any value.

[coinplus]

I participated in many bonus programs and ico, there are many of them compulsory KYC.I am very anxious when the ico and the campaign has collected personal information and sell personal information

This is the reason people do not participate in many ICO where they require the KYC to be done as they are not sure how they will use the data and sell it . Thus it is better not to only own such ICO coins where the risk is higher.

And this should be the reason why people should take DYOR seriously as much as possible. A lot of investors and most especially newbie investors are too lazy to want to research on a project and for heaven sake, in this regard, you are not just dropping your hard earned money, but you are also dropping your information which even has to do with your identity. This is some crazy stuff to do without doing the properly needed thing to do before even going ahead with any investment.

I participated in many bonus programs and ico, there are many of them compulsory KYC.I am very anxious when the ico and the campaign has collected personal information and sell personal information

So many people or will I say wannabe users looking for free money are the ones who get to be a victim of this as well as those who just tend to want to invest in anything without even doing proper due diligence. I have seen so many projects requesting for KYC that have turned to scams before, and this is a bad thing for those who do not take the pain to research on what they are investing in before even investing in it at all. This is usually some of the results.

[mamesso]

This is an opportunity to lie in giving data, KYC does not have to be honest. maybe there are some people who give data that has died. sound cheating but to prevent abuse it might be forced to do.

[lephuqui]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example




This adres http://wallstyizjhkrvmj.onion where they sell that shit

We just have to lose money just to lose kyc for ico scam. So I think kc when ico is not successful is not really necessary. We have nothing to protect ourselves, no law. Too easy to make a scam behavior.

[MinerHQ]

You should not provide KYC, personal information, images to people or uncertain projects. Giving information means that it can be used illegally. I will not risk strangers totally on the internet just to get rewards without any value.

This crypto market is not regulated so all these projects are not screened by any reputed institute or governments so it is not recommended to provide your personal information to these unknown online people. The best thing you can do it wait for them to list on exchanges then can buy but even though prices may be slightly higher but still it worth to wait for them to list on exchanges. I provided my documents only to a couple of reputed exchanges but not sure how they can secure these documents.

[Kevin77]

You should not provide KYC, personal information, images to people or uncertain projects. Giving information means that it can be used illegally. I will not risk strangers totally on the internet just to get rewards without any value.

Giving is usually not the problem, but being careful who you give it to or where you share it to; is actually what you should be more considered about.

Yes, there have been quite a good number of projects that required KYC and these days a lot of exchanges as well require KYC, and in that case, the only thing you can do is to be very careful you have done a lot of research to know if this is a reputable place to be doing a KYC verification or not. No one can be trusted when it comes to online matters, even Facebook Inc. ended up selling people's data, so in a digital space, anything kind of goes.

[CryptoBry]

This is why KYC is not a must if the ICO is not a success yet. They also distribute the token after ICO so why do we need to do KYC at first?
Well doing KYC for investment is not a hundred percent sure for the team also as people can give fake information and documents.

Personally, I am also concerned with all of these KYC requirements done by many ICO projects. When in fact, they are not required to do it since they are not all selling securities and bounty hunting promotion just constitute not more than 5% of the token volume and they are all distributed evenly with many participants. There must be something wrong here. I participated in the bounty of OPEN Platform and though they are in fact based in USA they never required KYC for their bounty participants...so how come those who are based in other countries are in fact the ones requiring KYC?

[pragna]

Yea, thats a very very concerning to everybody if it going true. Everything can be happen in virtual world. Scammers are always doing research how simply they will take your money. So if a scammer target anybody he will try everything to hack money from that account. Actually there is nothing to do here whey we have to give documents to make KYC.

[Malam90]

Yes, You are absolutely right. This is very alarming as well as shocking matter for us. Many scam projects are taking our valuable documents in the name of KYC. KYC should be stopped from this Forum.

[RandyGamage]

Yeah this is not a good situation. we are just selling our personal information cheaply. very bad. we can't stop scammers. pathetic problem with answer-less situation. 

[Koadharber]

This is why KYC is not a must if the ICO is not a success yet. They also distribute the token after ICO so why do we need to do KYC at first?
Well doing KYC for investment is not a hundred percent sure for the team also as people can give fake information and documents.

Personally, I am also concerned with all of these KYC requirements done by many ICO projects. When in fact, they are not required to do it since they are not all selling securities and bounty hunting promotion just constitute not more than 5% of the token volume and they are all distributed evenly with many participants. There must be something wrong here. I participated in the bounty of OPEN Platform and though they are in fact based in USA they never required KYC for their bounty participants...so how come those who are based in other countries are in fact the ones requiring KYC?

Not 5% but only on most common allocations with 1-2% on the entire supply or token sold on the sale.Back in the days where bounty hunters doesn't have these kind of requirements but now when fraud and scam become more rampant they tend to change the settings and now adding up KYC. Not all projects ask this thing is fraud but most of the time we aren't really sure on where these informations or documents would go as we have see on op its really disturbing to see these kind of sales.

[pinoyden]

Yeah this is not a good situation. we are just selling our personal information cheaply. very bad. we can't stop scammers. pathetic problem with answer-less situation. 

what do you mean when you say we?  not all of us are joining a kyc supported bouny/airdrop/ico , so you cant say we . maybe  few of them are risking their identity to be sold online .  its not threatining at all because kyc is hate by majority of people and i believe most of them wont ever participate on a kyc related activity . 

besides , there are still a lot of bouny/airdrop/ico  out there that we can join although there are still a risk of being scammed . 

[Xianrenbanban]

As you said, those fraudulent ICOs, bounty events and airdrops all have this problem. They use KYC to collect our privacy as a way to make money!

[boty]

yes you are right it is very terrible because it provides very sensitive information like that just to get tokens that are given from ico or airdrop which requires you to complete KYC in my opinion it is a very bad act.

[ophyrim]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example

This is the big risk when you just carelessly joining up bounty campaigns or ICO's which do ask KYC. You wont even know if they are legit or not or just pretending to launch to
get and collect users information or documentation. Checking on the price above each information do really cost good amount. This is a deepweeb url since its on .onion domain.
Im not surprised to see such thing into that place.

I agree. But every ICO asks KYC. There is only one way to join an ICO without KYC. You have to join ICO pool. But this is also risky because you are sending your money to a pool. But you can never be sure that the pool will scam you or not.

[frostmourne0311]

yes you are right it is very terrible because it provides very sensitive information like that just to get tokens that are given from ico or airdrop which requires you to complete KYC in my opinion it is a very bad act.

Yes we don't know what they will do with our information, our very sensitive information.

[noah tall]

Yes for me it's against my will sometimes to give information about me if I'm a little bit doubt about the project. But there's no choice but to submit documents inorder to receive tokens we bought or from bounty campaign

It is a decentralized world and it should be expected. As good projects are trying to make money, scammers are also trying to make money. It is just in the best interest of every investor and wannabe investor to ensure they do a proper diligence before even attempting to invest in a project, let alone, going the KYC way as the case may be.
Most especially when it gets to the point of KYC, I make the team my most important target in scrutinizing so as not to fall a victim of incidence like this.

[Slow death]

I'm lost here, why exactly should people make KYC to invest in these ICOs? and how do these guys from the ICOs keep people's documents? Who said people must follow KYC in the ICOs? I was very curious when I saw this thread

As good projects are trying to make money, scammers are also trying to make money.

Unfortunately such good projects are very few, because more than 70% are scam

[BlueStackz]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example




This adres http://wallstyizjhkrvmj.onion where they sell that shit

Lol this is not a new thing and it has been happening for a long time, that’s why I don’t give out my informations just like that and I don’t even get involved in ICO, I just buy Bitcoin with my money and Hodl or trade with them for profit. Giving out information to people online is very dangerous and you’re selling yourself for a cheap price.

There are lots of evil things happening in the dark web that most of us don’t know about, the world is a very big place where lots of thing happens so we all got to be very careful.

[ngacengan]

I think that is a very terrible act because your identity is very sensitive and they can sell your identity to commit crime or whatever they want so you should be careful.

[South Park]

This is what many of us warned about this when we knew that bounty hunters and investors will have to go through know your costumer policies, instead of protecting people these policies are increasing the risk for people that want to invest in cryptocurrencies and to me it is very clear that is was made on purpose to try to reduce the strength of such projects, and like always the ones that win with the implementation of those policies are the scammers.

[TheGreatPython]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example




This adres http://wallstyizjhkrvmj.onion where they sell that shit

We just have to lose money just to lose kyc for ico scam. So I think kc when ico is not successful is not really necessary. We have nothing to protect ourselves, no law. Too easy to make a scam behavior.

That is not what this is all about. This is about those who were a victim of a scam project and they did not just lose their funds, but their data from KYC is being sold in the dark market for a lot of money. In that vein, there is no way someone who has been in such category will not feel betrayed by the system but this is pointless. What anyone should be doing now is to focus on not falling for such in the long run. Once beaten, twice shy!

[Ruslana2121]

Hello,guys!
Attention!
I want to introduce you to what projects do not need to work exactly, I hope this information will be useful to you.
In any case, do not invest your money in them.

Scam ico :
1. GreenEminer - https://bitcointalk.org/index.php?topic=4962679.0
2. PENCHANT TOKEN - https://bitcointalk.org/index.php?topic=4966399.0
3. REGIXIUM - https://bitcointalk.org/index.php?topic=4855530.0
4. Modorr - https://bitcointalk.org/index.php?topic=4940016
5. Bit Money - https://bitcointalk.org/index.php?topic=4957003.0
6. AIZEUS COIN - https://bitcointalk.org/index.php?topic=4943937
7. Yaahub Exchange - https://bitcointalk.org/index.php?topic=4638889.msg41928531#msg41928531
8. SPAN-COIN - https://bitcointalk.org/index.php?topic=4933628.0
9. BITDOUBLE.CASINO - https://bitcointalk.org/index.php?topic=4930287.0
10. Support Chain - https://bitcointalk.org/index.php?topic=4694191.0

Guys be careful.
Good luck to everyone.

[peter0425]

I'm lost here, why exactly should people make KYC to invest in these ICOs? and how do these guys from the ICOs keep people's documents? Who said people must follow KYC in the ICOs? I was very curious when I saw this thread

As good projects are trying to make money, scammers are also trying to make money.

Unfortunately such good projects are very few, because more than 70% are scam

Its because most ICO knows requires KYC's for their investors and bounty hunters. I'm not sure though when this trend started but it suddenly ballooned this year, but then again, you have to think why are they requiring KYC"s? It totally contradicts what crypto is, it should be decentralized. So I will stay away from ICO that ask for KYC, but then again, most of them are scams anyways so regardless, I wouldn't put my hard earn money on them, I don't want to regret it later because just like you said a high percentage are scammers.

[Fatunad]

I'm lost here, why exactly should people make KYC to invest in these ICOs? and how do these guys from the ICOs keep people's documents? Who said people must follow KYC in the ICOs? I was very curious when I saw this thread

As good projects are trying to make money, scammers are also trying to make money.

Unfortunately such good projects are very few, because more than 70% are scam

Its because most ICO knows requires KYC's for their investors and bounty hunters. I'm not sure though when this trend started but it suddenly ballooned this year, but then again, you have to think why are they requiring KYC"s? It totally contradicts what crypto is, it should be decentralized. So I will stay away from ICO that ask for KYC, but then again, most of them are scams anyways so regardless, I wouldn't put my hard earn money on them, I don't want to regret it later because just like you said a high percentage are scammers.

Its fully contrary on why crypto is being created which is on being decentralized but with due to legality issues and when government starts to involved themselves into this market then they do require out those things to comply with the law.Some might be legit but most of them would be completely illegal or non-sense for them to require such documents.

[jvdp]

I think that is a very terrible act because your identity is very sensitive and they can sell your identity to commit crime or whatever they want so you should be careful.

Identity is what kyc verification is looking forward to work with and then you must not join to the campaign wherever you find the people asks you to join the campaign.
ICO company may sell the coins with the investors just for making money.

[PizzaBTC]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example




This adres http://wallstyizjhkrvmj.onion where they sell that shit

This is not a new thing, it has been for years and has been happening even anyone thought about Cryptocurrency. There used to be lots of fake sites even till today and what they do is to sell the info of those that registers or performs activities on their site, they will and sell it on the dark web. That’s why you should never give out sensitive information about yourself to anyone you meet online, always avoid sites that ask about you.

[Primaryio]

It is important to always be cautious with your identifying details. You definitely should not send personal information to a new project that  that you just heard about... Everybody should be very careful with their identity documents and information. These things should be expected, because it's a decentralized world.

[btcdevil]

It is not new as this documents are sold for very small price and mostly they take this documents who are interested in participating in ICO but due to their country restriction they cannot give their proof so they need other country proof and take this documents and fill the ICO kyc requirement and participate in ICO.

[nreal]

I think this is one of the risks we have to accept when we participate in an ICO project. The way to limit risk is to carefully review and evaluate the projects that you will participate.

[Cashi]

Yes, unfortunately OP is right here, I also had this presumption before, because KYC is going into the completely wrong direction. Finally we have here the proof that submitting KYC is a risk that your personal data are sold to unknown persons and I'm very sure they will use it for illegal things - they will do these illegal things in your name.

The results can be very bad for your, because if they got caught and it is noticed that they are doing illegal things the police will suspect you, because your name is involved. You'll get into big problems maybe pay a big punishment or you have to go to jail.

My result: Be careful and don't hand out your personal data. KYC is a big fail of justice, it's injustice! Bitcoins don't need KYC and that's why I like Bitcoin.  

[@Mhaiang]

That's how ugly the consequences will be if you are submitting requirements for KYC into a scam ICO. You're not just wasting your time and money and effort because you also let them earn profit out from you through your ID. That's the very reason why i am so cautious about campaigns that asked KYC for their campaigns.

[umbara ardian]

yes you are right ico this will cause you problems and your privacy will be disturbed because surely your personal data will be used for something you don't know so that it will cause you to experience a lot of losses.

[bohr]

Yeah this is not a good situation. we are just selling our personal information cheaply. very bad. we can't stop scammers. pathetic problem with answer-less situation. 

If you take the time to analyze the situation you are not selling that information to scammers, you are in fact paying them to get your information which makes things even worse, after all scammers that create those kind of projects just to get your information are not going to build a successful project, they are going to run away with your money and your information, so you just paid for the privilege of losing that information.

[maarx]

Yeah this is not a good situation. we are just selling our personal information cheaply. very bad. we can't stop scammers. pathetic problem with answer-less situation. 

If you take the time to analyze the situation you are not selling that information to scammers, you are in fact paying them to get your information which makes things even worse, after all scammers that create those kind of projects just to get your information are not going to build a successful project, they are going to run away with your money and your information, so you just paid for the privilege of losing that information.

Really disappointed to hear the incident. Will that happen by a legit ICO as well? Any chance or news to be like the one published? We recently had legit ICOs listed out in exchanges. They asked us for KYC to be done and we did the same. Are our documents are safe, not sold out? Hope it has not been done yet.

[arwin100]

Yeah this is not a good situation. we are just selling our personal information cheaply. very bad. we can't stop scammers. pathetic problem with answer-less situation. 

If you take the time to analyze the situation you are not selling that information to scammers, you are in fact paying them to get your information which makes things even worse, after all scammers that create those kind of projects just to get your information are not going to build a successful project, they are going to run away with your money and your information, so you just paid for the privilege of losing that information.

Really disappointed to hear the incident. Will that happen by a legit ICO as well? Any chance or news to be like the one published? We recently had legit ICOs listed out in exchanges. They asked us for KYC to be done and we did the same. Are our documents are safe, not sold out? Hope it has not been done yet.

I don't really know on which of them are legit since eventhough they are successful for their cause still we cannot assure that we are on the satety side, and doing this kind of KYC thing makes me worry since I cannot tell if I will be safe on next following months or years for doing KYC.

Maybe there should be a rules or law on this so that people will not be a victim of identity stealer.

[juragane]

yes you are right you should be careful when there are ICOs who ask KYC and give your sensitive information to them it will be very terrible and your data can be used for actions that are not good.

[ivankoh]

That is why I am very limited in providing ID addresses for KYC's investment. No one will know when you provide KYC to the project, what they will do with it and it can completely be sold to others for malicious purposes.

[kripkiki12]

It is a serious question for sure. You should look for trustworthy sites, however it is often hard to decide which one to trust. If you unconditionally want to go through a certain KYC process for less known company for some reason, you might just consider requesting a new ID from authorities. That would make the old one useless I guess

[Afiqa03]

There are some projects in which prize campaign participants must fill in the form to pass the KYC for the sake of a coin. however, sometimes the participant pass is not a guarantee or guideline that the value of the coin from the project with KYC requirements is good with the price value in the market. so it's very regrettable that important personal data documents are useless.

[coinforumgentr]

damn it. My documents were stolen, I'm sure.

this problem must be solved internationally.

There are many vendors in telegram groups.
The hands of the sellers usually have +100 credentials.

whitelistlerle register, white list sell.
Identities of European citizens are more expensive.
Passports are sold ...

The bad thing is an identity, it can be sold many times.
the buyer can resell it.

---

technology is very primitive!
Reliable systems required for online verification!

[rachellee]

This is one thing that I fear about KYC. I am aware of this thing. Sometimes, ICOs are a bit choosy. They only accept passport for KYC. But why? So this must be the reason. I also did some KYC before and I passed, but I used my driving license only rather than my passport, 'coz I think it's riskier to present the latter so. They might use it in their fraudulent transactions, and I'm afraid that I might wake up one day that I am banned in some countries without my knowledge. Also, make sure that what you are presenting your IDs for is worth it. If it's only for a small penny, never, never risk your identity. The price that you have to pay one day might not compensate for the tokens they're paying you with.

[coinzzzpro]

Can advise to do greater the writing on their documents, "For KYC in project NNN". They cannot but accept such data, and it will be more difficult to use them for other purposes.

[Willitivity]

This issue if KYC really bothers me alot, you really don't know whonus agbyhe other end or where your information is been sent to. I have come yo realize that done bounties that opt for KYC are usually fraudulent, ordinarily, what would a bounty require KYC for?. Worst of it all is that they give you worthless shitoins in exchange for your ID which they will certainly sell at a higher price.

[bohr]

Yeah this is not a good situation. we are just selling our personal information cheaply. very bad. we can't stop scammers. pathetic problem with answer-less situation. 

If you take the time to analyze the situation you are not selling that information to scammers, you are in fact paying them to get your information which makes things even worse, after all scammers that create those kind of projects just to get your information are not going to build a successful project, they are going to run away with your money and your information, so you just paid for the privilege of losing that information.

Really disappointed to hear the incident. Will that happen by a legit ICO as well? Any chance or news to be like the one published? We recently had legit ICOs listed out in exchanges. They asked us for KYC to be done and we did the same. Are our documents are safe, not sold out? Hope it has not been done yet.

If the people behind the project in which you invested are real and want the best for the project and their investors it is obvious they are not going to sell that information, the problem is that as we know there are more scams in this market than legitimate projects, but if you did your due diligence and you know as a fact that the project in which you invested is legitimate you have nothing to worry about.

[joromz1226]

I believe on this, this is really true.
Better be careful and make a good research about every ICO you will JOIN.
Public documents of ours will never be safe until proven.
There are so many SCAM ICO now.

[oapieNL]

Or change with Photoshop the front and backside on your id card with fake document nr, birthday,sure and last name what dont exist. Because they cant vieuw the iinformation to see if its a real or fake made document. And your real documents stay safe when you invest in ico   . I have this done for a friend on bittrex,poloniex,binance and some icos and he did not have touble to pass kyc aml checks.

[ivankoh]

This is a very bad news for ICO investors because their personal information is being used for commercial purposes and they are unaware. I believe that the cryptocurrency market will have many big events for investors so look for ways to protect your assets and information before you can succeed in this market.

[bohr]

I believe on this, this is really true.
Better be careful and make a good research about every ICO you will JOIN.
Public documents of ours will never be safe until proven.
There are so many SCAM ICO now.

If losing your money in an ico was not enough, with the new regulations in place that dictate that you need to reveal your identity in order to invest in an ico, now you run the risk of losing your identity as well, I really think that this is one of the main reasons of why the market of icos is so slow at the moment, people do not want to lose something as valuable as their identity to scammers.

[Hamphser]

I believe on this, this is really true.
Better be careful and make a good research about every ICO you will JOIN.
Public documents of ours will never be safe until proven.
There are so many SCAM ICO now.

If losing your money in an ico was not enough, with the new regulations in place that dictate that you need to reveal your identity in order to invest in an ico, now you run the risk of losing your identity as well, I really think that this is one of the main reasons of why the market of icos is so slow at the moment, people do not want to lose something as valuable as their identity to scammers.

Not only with that KYC procedures why the market of ICO as of now is too slow or not showing any progress but also the reason that theres so many Scams that do fly around which
do losses interest into those investors and would come to a point where you would really hesitate to invest on due to possible big risk on losing money.Unlike before where 2x-10x returns is possible but
now profitability would really be still on question.

[moynul2050]

this sounds crazy, I am worried about this news.
I have found many projects that apply KYC to investors and bounty hunters. what should I do so that my personal data is safe, it's hard to distinguish a scam or not.
or do I have to ignore all kyc?

[iv4n]

this sounds crazy, I am worried about this news.
I have found many projects that apply KYC to investors and bounty hunters. what should I do so that my personal data is safe, it's hard to distinguish a scam or not.
or do I have to ignore all kyc?

Now most of the services and icos asks for kyc, there will be alternatives always, but if you wish to be involved you need to do kyc on some places. It's foolish to try to avoid that, so my advice is to check service or ico before you do it, it's like investing money, do that only after you do a deep check.
This news is actually old one, this is is just nice catch. I didn't know the price of this informations before, now I see it's approximately 20 dollars per one kyc, when you do the math it can be very profitable. Facebook is accused for similar thing, from time to time there are news how some big companies are hacked and informations stolen,  nothing is guarantee that you will be totally safe anywhere on the internet, so people shouldn't be worried about this stuff a lot, always try to protect yourself in the best possible way, it's all we can do.

[Affilate User]

in some ICOs these cases often happen they are usually ICOs who fail and the end will sell your identity or be used for other actions without your knowledge, if you want to participate in the ICO you should be able to pay attention to it and be aware that KYC will harm you someday.

[WalletPlus]

This is why KYC is s stupid and dangerous, the government really want to know everything about you. I feel sorry for the people who need to fill the KYC.

[joromz1226]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example

This is the big risk when you just carelessly joining up bounty campaigns or ICO's which do ask KYC. You wont even know if they are legit or not or just pretending to launch to
get and collect users information or documentation. Checking on the price above each information do really cost good amount. This is a deepweeb url since its on .onion domain.
Im not surprised to see such thing into that place.

That's the bad side of crypto mate, and poor for some of the community who doesn't know how to find out the good, legit ico project in this

industry. As much as possible double check or more the project campaign before sending your KYC in the ICO. Because every time we apply

KYC we are doing it in our own risk.

[poetra2501]

in some ICOs these cases often happen they are usually ICOs who fail and the end will sell your identity or be used for other actions without your knowledge, if you want to participate in the ICO you should be able to pay attention to it and be aware that KYC will harm you someday.

Very dangerous if it happens like that, that's a deficiency if an ICO requires KYC for all participants,
investors and the bounty hunter. But in other side, requires kyc is effective to reduce the Cheater in bounty campaign.

[Crypto Girl]

I am also concerned about the bounty hunting campaign that the bounty hunter has taken. I find that to be unreasonable, we are selling our information cheaply

That's true and I'm sure that everyone is aware of that so it's better to stay away from those

This is why KYC is s stupid and dangerous, the government really want to know everything about you. I feel sorry for the people who need to fill the KYC.

In fact government isn't the one to be worry but rather those in darkweb as what the OP stated. They selling documents for just $18 and it was selling like pancakes, just imagine how those guys heartlessly sell the documents. While the government has no iron fist for this kind of crime and so this things are very likely to happen to anyone.

[WalletPlus]

this sounds crazy, I am worried about this news.
I have found many projects that apply KYC to investors and bounty hunters. what should I do so that my personal data is safe, it's hard to distinguish a scam or not.
or do I have to ignore all kyc?

The thing is, it doesn't need to be a scam or not, it all depends how fair is the person running the company, and with who they work. They can always sell your data without you knowing it. Hard problem to solve.

[moynul2050]

this sounds crazy, I am worried about this news.
I have found many projects that apply KYC to investors and bounty hunters. what should I do so that my personal data is safe, it's hard to distinguish a scam or not.
or do I have to ignore all kyc?

Now most of the services and icos asks for kyc, there will be alternatives always, but if you wish to be involved you need to do kyc on some places. It's foolish to try to avoid that, so my advice is to check service or ico before you do it, it's like investing money, do that only after you do a deep check.
This news is actually old one, this is is just nice catch. I didn't know the price of this informations before, now I see it's approximately 20 dollars per one kyc, when you do the math it can be very profitable. Facebook is accused for similar thing, from time to time there are news how some big companies are hacked and informations stolen,  nothing is guarantee that you will be totally safe anywhere on the internet, so people shouldn't be worried about this stuff a lot, always try to protect yourself in the best possible way, it's all we can do.

good advice, at least I am more careful to provide information.
I heard the Facebook case. and you are right there are people who take advantage of our negligence. thanks for the advice 

[Hawker]

this sounds crazy, I am worried about this news.
I have found many projects that apply KYC to investors and bounty hunters. what should I do so that my personal data is safe, it's hard to distinguish a scam or not.
or do I have to ignore all kyc?

this news made me worried too. this is really a shocking thing how they use our KYC and identification in Dark Market. people will use them to build accounts on other platforms. such as Paypal. etc. and it'll be a none stop chain of scamming. and it'll be very long.

I think in this situation all we can do is to avoid doing KYC as much as possible. stop investing in Scam ICOs so we don't need to do KYC for every random ICO.

[RodeoX]

This is why you only do business with a licensed business.  If they do something like this you simply sue them. You are kidding yourself to work with scammers and think they will protect your interests.

[oapieNL]

Here's an example,
https://jullar.io is a project you have to look out for. and do not invest any money in this. These also use KYC. But I am 100% sure that they are scammers because:

The domain name just recently registered in Russia.
The team is strange and consists of 2 people.
They are ridiculing other coins by calling it shitcoins.
ICO price is extremely expensive. 1,000,000,000 tokens and now costs $ 0.12 each
40% of all tokens are reserved.
Next year October they claim that their token has a price of $ 2.37

[Stedsm]

The reason why I don't participate in most of these ICOs and their Airdrops is this only, the biggest fear I had in my heart everytime I thought to get in an ICO and the next minute I stopped myself from getting in. It's better to buy those coins directly over the exchange if the project works out well in the market of such shitty ICOs where our data is sold for pennies. Shocked to see my fear turned real, and surprised that the value of our data is just BTC0.003. Really unexpected, but I think there should be an authority to authenticate the trustworthiness of an ICO and give a certificate of authentication before anyone even gives their KYC docs to them, so no need to invest before any true rating is given.

[hero1111]

I am worried about scammers because there are many ico scammers and i cant understand  which project has clean people or not , It is really big problem for all sector but i know that  we have to be careful about our kyc id documents because if we not it could be big problem for our future.

[ocid]

this is very important to note that an identity that we provide can be misused for interests that will only benefit them, and to date I have not found anything that is accurate enough about crypto-related programs requires KYC ID as a requirement.

[Arsedunn]

This is a very bad news for ICO investors because their personal information is being used for commercial purposes and they are unaware. I believe that the cryptocurrency market will have many big events for investors so look for ways to protect your assets and information before you can succeed in this market.

I think that this case should be challenged in court in a country where cryptocurrency is legal, because it is an illegal act and a scammer should be put to death for this illegal activity. It is also right to give them fake documents to save yourself and your personal data. Crypto currency controllers should also take serious actions against such scam ICO investor.

[Olympiusad]

How can I prevent this from happening? The fraud is more and more difficult to control.

[WalletPlus]

I think we are selling our information cheaply... This is a huge problem. This is why you should only do business with a licensed business!

Those licensed businesses are selling your data too, or they get hacked and someone sells it on the black-market.

[bohr]

this sounds crazy, I am worried about this news.
I have found many projects that apply KYC to investors and bounty hunters. what should I do so that my personal data is safe, it's hard to distinguish a scam or not.
or do I have to ignore all kyc?

And you should be worried, many people think that they are never going to be scammed or that they are never going to lose their information to scammers, I know it is hard to believe but it is very likely that it is going to happen to you if you keep wasting your time working for bounty campaigns that ask for personal information about you, the only way to avoid that is to only work for bounties that do not ask for that information.

[escalante28]

This is a serious problem mate. I knew it, it's very possible that they're going to sell our information. That's breaching of contract. That's why before submitting your KYC documents make sure that those people behind that ICO are legit and all their details are visible too. It can be worst when they're going to use our documents in an evil doing, maybe someday we're shocked if someone give us an arrest warrant because of criminal offense that done by those fake ICO.

[sirohige]

this is terrible if you find something like this then the platform created by ICO will sell your privacy and personal data so that the data that is supposed to be very confidential can be known by many people and I think it will be used for criminal acts that will not be known by the owner of the document.

[sammyp]

I suspected this right from the beginning when I came across this KYC thing. My mind has never been free from such troubles of having my information sold for money by these scammers. It may be funny but I think some of us get the few bucks we earn from our sold information.

[Natsuu]

This is not new anymore and in fact you can find a lot of documents that's being sold in deep web.
They sold it in less than $20, a scanned id with billing statement and a selfie.
It's very unfortunate that kyc documents were abused and using for personal interest.
No matter how we tried to avoid them when the team requires it then we leave no choice.

[Whosdaddy]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example




This adres http://wallstyizjhkrvmj.onion where they sell that shit

This is not even a new thing. This has been happening for long, should I say starting from when internet was introduced. The dark web is really a bad place and lots of things are happening on the dark webs.

I have seen a lot of people order for some mysterious packages and end up getting themselves in problem. People do a lot of stuffs there, that’s why it’s good to protect yourself online and stop giving out sensitive information or things that are meant to be kept secret.

[St4yInTh3D4rk]

That is the reason we need to avoid the KYC needed bounties unless you don't care about your identity used by some criminals in some years but you will get caught for that action just because of some money and in most cases you won't get any rewards from participating on those campaigns but taking too much of risks.

[Natsuu]

That is the reason we need to avoid the KYC needed bounties unless you don't care about your identity used by some criminals in some years but you will get caught for that action just because of some money and in most cases you won't get any rewards from participating on those campaigns but taking too much of risks.

Even we want to avoid those bounty while the BM announce it in the middle nor end of the campaign then the participants are torn whether they do this or not. Of course no one wants their identity to compromise but bounty participants have less power more than anyone here.   

[St4yInTh3D4rk]

That is the reason we need to avoid the KYC needed bounties unless you don't care about your identity used by some criminals in some years but you will get caught for that action just because of some money and in most cases you won't get any rewards from participating on those campaigns but taking too much of risks.

Even we want to avoid those bounty while the BM announce it in the middle nor end of the campaign then the participants are torn whether they do this or not. Of course no one wants their identity to compromise but bounty participants have less power more than anyone here.   

You should avoid those kind of manager's campaign from participation if everyone do the same then they will be no more get united all the bounty participants if you want upper hand.Know your power mate.

[maarx]

That is the reason we need to avoid the KYC needed bounties unless you don't care about your identity used by some criminals in some years but you will get caught for that action just because of some money and in most cases you won't get any rewards from participating on those campaigns but taking too much of risks.

Even we want to avoid those bounty while the BM announce it in the middle nor end of the campaign then the participants are torn whether they do this or not. Of course no one wants their identity to compromise but bounty participants have less power more than anyone here.    

You should avoid those kind of manager's campaign from participation if everyone do the same then they will be no more get united all the bounty participants if you want upper hand.Know your power mate.

Better to have our own research then complaining on managers. Trust on your research then blindly falling on someone's. Practice it. We do have best icos with best projects besides scam ones. I understand it's bit hard to work on it but we have to as we are into crypto which covered the market bringing in more investors, business and cheaters as well. We need to be more pro-active as we are into such a popular platform. Hope this helps.

[Duogembrot]

this case makes many bounty hunters and participants from the ICO have to be more careful when wanting to become an investor or being a participant from a bounty campaign should avoid ICO who need KYC because it may be that your data or identity will be used for criminal acts.

[qmclak]

Yes ,Theres some strange ico and airdrop that ask kyc and
 after few months the site project just disappeard,.I think they are identity theft.They want to use our documents for their own benefits.Everyone should be very careful.

[Evaporation 123]

Being a member of Bitcointalk for more than 6 years, I am quite a bit bothered by what happening in the bounty section for the past few months. This is what I have noticed:

1. A lot of scam projects are creating bounty campaigns and ANN threads. Once the bounty campaign is finished, they vanish all of a sudden without paying the bounty hunters and leaving the investors in limbo. 

2. The quality of the bounty managers have gone down. Junior level members are acting as bounty managers and they often don't update the spreadsheets and sometimes indulge in cheating by enrolling proxy accounts to the campaign. 

3. Large number of newbs are signing up for bounty campaigns, often enrolling using purchased Facebook / Twitter accounts (esp. in Social media bounty). The quality of posts being done by the bounty campaign participants have gone down quite a lot during the last few months. 

4. Even those bounties which pay end up listing at 80% or 90% discount to their original prices and in the end the honest bounty campaign participants end up with very small rewards. On the other hand, those signing up with 10-12 multiple accounts end up with sizeable rewards. And it is the latter category, which indulges in token dumping. 

5. There is no incentive to hold on to the tokens, as a majority of the ICO promoters dump their tokens in the market and vanish. If you check, the vast majority of the listed ICOs are in a dormant or defunct state now. 

I have a few suggestions to resolve some of the issues, before the issues go out of hand. 

1. There should be a requirement that if anyone want to post an ANN in Bitcointalk, he must deposit 0.1% of the total amount (of the softcap) in an escrow account. For example, if a project is planning to raise $50,000,000 from the investors, then before creating the ANN thread the promoters must deposit $50,000 in either BTC or ETH to an escrow account held by the Bitcointalk staff. If the soft-cap is smaller, like $500,000 then the escrow amount should be 0.1% of that, i.e $500. If the promoters vanish, then this amount should be forfeited. Also, if the promoters go back on their promises once the tokens are listed, then this escrow amount should be frozen and may be (partially) released only if they achieve the objectives which they had promised earlier. 

2. There should be a list of approved bounty managers and those outside this list should not be allowed to act in this role. There are a lot of trusted bounty managers here, like Yahoo62278 and Lutpin. I don't think that newbs should be given priority over them. 

3. In order to participate in a bounty campaign, it should be mandatory for all the users to post their ETH address in the "Location" field in the profile. I have noticed a large number of spammers using someone else's BTT account and their own ETH address to enroll in to social media bounties. This step will put and end to the practise and will weed out the spammers. 

4. All the bounty campaign participants must be carefully screened before the payout. In order to prevent token dumping, a few steps can be taken. Since the bounty reward is 1% to 3% of the total amount, the promoters themselves can purchase this portion from the exchanges. Or they can make the bounty payments in BTC/ETH. There should also be a condition that the promoters should hold on to 90% of their tokens for at least 12 months. (Because I have noticed that it is the promoters who do dumping in the vast majority of the cases, and they blame it on the bounty hunters). 

5. KYC must be mandatory for ICO promoters and bounty campaign managers (unless they are on level 2 DT). If this is done, then the scammers won't be able to set up multiple fake ICOs. 

I am posting this because now the real impact is becoming obvious. Experienced users are staying away from bounty campaigns and even very promising ICOs are getting listed at heavily-discounted rates. This can't go on forever. 

Good ICOs need to be protected from the negativity in the market created by the fake ICOs. 
Honest bounty hunters needs to be protected from

[Question123]

I did not invest or join to iCO who have KYC because for my protection because someday they will use it a bad way if I give my personal details and information so always be careful because a lot of scammer maybe you use your information to scam people.

[MikezzNL]

This is some clever identity fraud. Hope this wont affect much people.

[Topcarey]

This is not new anymore and in fact you can find a lot of documents that's being sold in deep web.
They sold it in less than $20, a scanned id with billing statement and a selfie.
It's very unfortunate that kyc documents were abused and using for personal interest.
No matter how we tried to avoid them when the team requires it then we leave no choice.

It is definitely a big problem and I think it is difficult to overcome this problem. We should be careful while giving our personal data on every online site. These scammers are the worst people in the world and ruined lives of many innocent people. It is illegal and these scammers should be put to death, so that other scammers take a lesson from the verdict of scamming.

[Google+]

at the moment it is very difficult to know how to find out the ICO is a scam or not because sometimes there are also those who have given KYC because they are not too vigilant, so it is better for the ICO participants to be more careful and not to give you the identity you have because it will pose a threat to you.

[Rossy Akbar]

what ?? I can't believe this so much, what we gonna do now as the bounty hunters? why it was so risk now then before ? I hope the best for the bounty campaign and I hope it will be there is someone or something who could take responsible for this kinda thing, at least to make a punishment.

[quichiship]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example

https://s8.postimg.cc/csu1774g5/image.png


This adres http://wallstyizjhkrvmj.onion where they sell that shit

This is not even a new thing. This has been happening for long, should I say starting from when internet was introduced. The dark web is really a bad place and lots of things are happening on the dark webs.

I have seen a lot of people order for some mysterious packages and end up getting themselves in problem. People do a lot of stuffs there, that’s why it’s good to protect yourself online and stop giving out sensitive information or things that are meant to be kept secret.

That is the reason that I never invested in new ICO project. Most of them are scams these days. It is much better to invest always in good coins. You will be mentally relaxed and no fear of revealing or selling your personal data to anyone. This is the easiest way to stop these scammers not to promote their project and also tell as many people as you can.

[KingdomHearts]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example

[im g]https://s8.postimg.cc/csu1774g5/image.png[/img]


This adres http://wallstyizjhkrvmj.onion where they sell that shit

This is not a new thing and I’m not surprised to see this here too here cause it happens everywhere. That’s the reason why I have my private email and other emails that I can use for stuffs like this online. I only use my private email on trusted sites for things more important.

I have once used my email to register for some stuff on a website and they just sold out my information to others websites and I kept getting spam messages till I blocked them. But more still kept coming, but luckily the email account is not so important to me.

[bohr]

This is a serious problem mate. I knew it, it's very possible that they're going to sell our information. That's breaching of contract. That's why before submitting your KYC documents make sure that those people behind that ICO are legit and all their details are visible too. It can be worst when they're going to use our documents in an evil doing, maybe someday we're shocked if someone give us an arrest warrant because of criminal offense that done by those fake ICO.

That is not enough, as long as you keep giving your documents away there is always going to be a risk of your information being stolen, who can guarantee you that the database with that information is not hacked? Or that a person belonging to the ico wants to get more money and sells that information? Do not give your information to anyone online, that is the only way to be 100% sure your information is not out there.

[astridwi]

now it's not just projects and ICOs that are made scammers but new exchanges are also starting to emerge with lots of giving a certain bonus coin or eth number if you join and do KYC, then the bonus cannot be withdrawn and there are many complaints and then they are lost

[Stunning]

This is not new anymore and in fact you can find a lot of documents that's being sold in deep web.
They sold it in less than $20, a scanned id with billing statement and a selfie.
It's very unfortunate that kyc documents were abused and using for personal interest.
No matter how we tried to avoid them when the team requires it then we leave no choice.

It is definitely a big problem and I think it is difficult to overcome this problem. We should be careful while giving our personal data on every online site. These scammers are the worst people in the world and ruined lives of many innocent people. It is illegal and these scammers should be put to death, so that other scammers take a lesson from the verdict of scamming.

Yeah you are right; it is very difficult and almost impossible to know about a scam project. That’s why I always invest in authentic and reliable projects. Old coins in this regard are better option. I think that the best option for investment is bitcoin. It is more authentic and reliable than any other coin because it is the pioneer coin in the crypto market and there are no threats for you in this coin.

[Hilly]

This is some clever identity fraud. Hope this wont affect much people.

It is not good and these people should be put to death. How can one reveal and sell someone’s personal data? In my mind there is one solution for this problem and that is never give your original data on any site. Always use fake data so that you will be safe is such rascals sell your personal information and secret data to illegal users. It’s really shameful.

[jojowar]

Yes this is too risky for us to give our personal information because it will result into identity theft and can destroy your personality to others even in your love ones.

[shoreno]

This is some clever identity fraud. Hope this wont affect much people.

It is not good and these people should be put to death. How can one reveal and sell someone’s personal data? In my mind there is one solution for this problem and that is never give your original data on any site. Always use fake data so that you will be safe is such rascals sell your personal information and secret data to illegal users. It’s really shameful.

those scammers are so smart that they know if you are using a fake identity .  i have tried to sign up on several websites that is asking for credit cards but i always failed because they know that im using a fake credit card that i only generated online and also kyc is asking for selfie , you must hold your i.d and take a selfie with it by your self  so how can someone  fake this ?  i guess the only way to solve this problem is to not join them at all .  

kyc isnt the only basis if an ico is legit or even scam because other ico's that doesnt have a kyc can sometimes become succesful at the end . so all we gotta do is choose wisely  .

[creeps]

This is some clever identity fraud. Hope this wont affect much people.

It is not good and these people should be put to death. How can one reveal and sell someone’s personal data? In my mind there is one solution for this problem and that is never give your original data on any site. Always use fake data so that you will be safe is such rascals sell your personal information and secret data to illegal users. It’s really shameful.

Using fake datas can result to a big problem to you later on, especially if you are using it in the legal site. The best thing that we can do here is that, don’t fill up any KYC form easily, most especially in a suspicious bounty campaign, this can prevent you from being exposed publicly.

Yes this is too risky for us to give our personal information because it will result into identity theft and can destroy your personality to others even in your love ones.

Sad thing is that, Its hard fo stop this one because a lot of marketers are looking for this kind of information in order for them to advertise easily, I just hope that this will be more regulated later on.

[hermankoles]

this is what I fear when my personal data is sold on the black market and this is a violation, there should be special regulations regarding KYC enforcement so that illegal activities like this are difficult

[Prettymie]

This is the disadvantage in doing a KYC as we can't be sure that they will protect our data in a higher secure site. Hackers can penetrate even those highly secured sites. We heard many hacked exchanges and even our personal data is not safe on those exchanges. I don't know why some projects will require their bounty participants to pass KYC. Maybe they will sell the data to the dark-web in a worst-case scenario if the project will not make it grow.

[Kikeeping]

got double scamed like that. look at proof they sell them for €17 each and almost be richest scamer. we have to carefull about ICO when they dont got softcap , they will sell our identity on darkweb

[oapieNL]

And if someone steal your ID and make a account on coinbase or something, this can happend without you.
https://bitcoinist.com/student-400k-cryptocurrency-taxes/
Not saying  that this guy is victum, het made his own fault  but you can get this tax if you are a victum of id theft and your life is done. Thanks to the govements. They only care the tax.

I can only say: Photoshop both sides of your id card to stay safe.

[oapieNL]

This is some clever identity fraud. Hope this wont affect much people.

It is not good and these people should be put to death. How can one reveal and sell someone’s personal data? In my mind there is one solution for this problem and that is never give your original data on any site. Always use fake data so that you will be safe is such rascals sell your personal information and secret data to illegal users. It’s really shameful.

Using fake datas can result to a big problem to you later on, especially if you are using it in the legal site. The best thing that we can do here is that, don’t fill up any KYC form easily, most especially in a suspicious bounty campaign, this can prevent you from being exposed publicly.

Yes this is too risky for us to give our personal information because it will result into identity theft and can destroy your personality to others even in your love ones.

Sad thing is that, Its hard fo stop this one because a lot of marketers are looking for this kind of information in order for them to advertise easily, I just hope that this will be more regulated later on.

Use your original photo and change on both sides on your id cartoon the name, id nr, name, birthday.  (Best way to copy/paste letters from your own id or your buddys id card)i did never had any trouble on the big exchanges for verrify

[altercreed]

If this is really true, then maybe i am really right with my intuation that something smells fishy about KYC stuff. I've been very reluctant to participate in ICO and bounty campaigns that requires KYC despite the reason that KYC can prevent money laundering.

[bohr]

now it's not just projects and ICOs that are made scammers but new exchanges are also starting to emerge with lots of giving a certain bonus coin or eth number if you join and do KYC, then the bonus cannot be withdrawn and there are many complaints and then they are lost

That is a huge red flag and it should not be ignored, if an exchange ask you your documents in exchange for some coins then you know that something is up, because exchanges should only request that information out of you if it is in their policies and not as a way to try to promote a coin or something similar, if you see an exchange doing something like that do not give your documents to them because it is likely it is a scam.

[Lucusfoundation]

This is really bad, but it's also an opportunity for honest ICO entrepreneurs.

Why not using smart contracts to decrypt information only after the ICO has finished and is indeed happening?

We are getting ready for a sale for several communities, and we will indeed pay close attention to offer a solution to the community in this aspect. Any ideas my fellows?

Best,
Borja

[BitcoinCommodor]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example




This adres http://wallstyizjhkrvmj.onion where they sell that shit

Yes they do that and this is not the first time, it has been happening for long and since you know that, it’s left for you to learn to avoid making mistakes of giving out your personal information online. This is one of the reasons why it’s good to have fake, disposable email address that you can give to anyone without worrying about what happens next. Then you also need a fake number that you can dispose at anytime. Lastly when you’re registering make sure not to use your real name.

[nightfury]

This one is really ruining the purpose of KYC because if this is true, investors will lose trust on ICOs. That's the reason why that i always have a second thought joining in bounty campaigns that requires KYC.

[Meowth05]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example




This adres http://wallstyizjhkrvmj.onion where they sell that shit

I think this should be address in some sort of section here in forum. Well, there may be some who sold the identity of the individual, and it is really indeed a bad action of the person behind it. Well, to avoid those kind of situation it would be good to first scan, and do some kind of judging before giving up your identity. In addition, it is also good to deceive your own identity for your own good. Do not be honest at all time. Scammers are everywhere just ride with them as well.

[bongbong2014]

It is dangerous, I would need to be more careful with projects that require KYC they are taking advantage of people's data illegally. Is there a way to punish these scammers?

[Eggzootechkoyn]

I couldn't believe what i see in this post and as i reflect on the picture, it changes my point of view about KYC now. If that is so, it's better to submit or participate in KYC required ICO again.

[oapieNL]

Here is scam group 1.

This is group scammers from china and singapore
Smal list from the many scam projects behind group 2
www.ubex.com
www.ctoken.shop
www.maic.vip
www.tokenlove.top
www.iwallet.im
www.tongtoken.net
www.tokenlove.cn
www.tokenfactory.com.sg
www.pooico.com
www.protoken.cn

I think this people are behind this group (https://meyzer.com ) and lot more Holdings and financial businesses and group Entrepreneurs.


Group 2: Smal list from the many projects behind this group scammers.

www.foxtrading.io
www.estoril.biz
www.ariz.biz
www.btcfuture.club
www.wepaybit.com
www.v-grow.biz
www.bitsmakers.com
www.btcparfect.com
www.v-onemoney.com
www.royalxcoin.com/

After little research group 2 brings me to this building in Canada.
Link to google streetview > https://bit.ly/2PGLwYp


Then you also the Russian group with the many scam projects. 4th, 5th .....scam group
The safest thing is simply not to buy ICOs and do KYC



Who knows this project www.seele.pro? This is also a scammer, he used to have an online webshop from china www.dzhorlogesale.com went scamming people by sending counterfeit watches instead of the real ones

[Romeoetin]

RIP to all my friends who did one scam project or the other.. I warned them.

[italianrulez]

Give info to people!!

[BEXAM_official]

I totally agree. Scammers will without a shadow of a doubt try to get every penny out of their schemes. So you have to be extremely careful when investing/ disclosing this type of information. Make sure that the ICO has a solid office and a solid team that you can track via multiple platforms like linkedIn, Facebook telegram etc, etc. Do thorough research. Although there are some elaborate scammers out there, you can normally tell when something is fishy as most don`t go to extreme lengths to legitimize their front of being a legit ICO. Interacting on media platforms like telegram, whatsapp and twitter is another good way to figure out if they are scammers or not. Again, talking about the majority here but If they are a scammer, they will stumble on the more technical/ difficult questions as there will be no product to begin with, so be persistent, ask the same questions with different wording and if the answers are not similar/coherent/the same/doesn`t match with the white paper info then i would think twice before I give out the super personal information. Just a thought.

[Blongen]

ID theft is real, a lot of ppl have faen victims to scammer icos.
If your privacy is such a concern don't share your information with strangers.

[oapieNL]

I totally agree. Scammers will without a shadow of a doubt try to get every penny out of their schemes. So you have to be extremely careful when investing/ disclosing this type of information. Make sure that the ICO has a solid office and a solid team that you can track via multiple platforms like linkedIn, Facebook telegram etc, etc. Do thorough research. Although there are some elaborate scammers out there, you can normally tell when something is fishy as most don`t go to extreme lengths to legitimize their front of being a legit ICO. Interacting on media platforms like telegram, whatsapp and twitter is another good way to figure out if they are scammers or not. Again, talking about the majority here but If they are a scammer, they will stumble on the more technical/ difficult questions as there will be no product to begin with, so be persistent, ask the same questions with different wording and if the answers are not similar/coherent/the same/doesn`t match with the white paper info then i would think twice before I give out the super personal information. Just a thought.

Often this does not help anymore. They make all those platforms themselves. Then they buy 10,000 friends, subscribers, likes and views for $ 50 on the internet.
Many platforms such as ico rating websites are also owned by scammers. Where it seems that the project has a high rating.
Even with partnerships, it seems a legal ico. But often these partner websites are also fake to fake the ico. Or become partners of other scam projects that are also of their own.

This is how i check if it is a scam project or have doubts:
I almost only use the technical things that the internet also has. The hidden things that you do not see when you visit a website.

1 ... viewdns.info On this websites I use all the options what they offer. Within 2 minutes you already have a clear answer if you better avoid a crypto project. I already find answers 8 out of 10 times.
2 ... You are not completely sure yet. Then do a google reverse-analytics check. ist a code that looks like ua-15589237 or sometimes ua-15589237-1. This is a code that the webmaster can build in the website to analyze internet traffic. This code can be installed on any website by a webmaster. But it can also show many other secrets that dnsinfo did not show. Namely, all websites where the webmaster uses his code to keep track of information about the internet traffic can be viewed. https://dnslytics.com/reverse-analytics.
3... Of the team members open in all photos in a new window so that they get to see the original size. There I check the face extensively when there is also photoshopped with eyes, beards, glasses and hair. You see unnatural things right away.
4 ... I copy all the text from the whitepaper. A piece of text written exactly between project names and paste this into google and search by word for word.
5 ... This is actually prohibited. This is only useful if they deliver something that must be safe. With Scam projects, the security of apps or web applications is often poor and you know that it can not be much.
That is attacking / hacking the system. The application with basic commands and tools attacks to test the vulnerability. Report allways a security problem to an admin on telegram via PM. If they dont solve something simple or do not change anything or convince you that it is safe and do not take you seriously.
Then you have the full right to destroy that application with vulnerables.
Assume that it is a scam project with people who are lax with security.

[sidkz]

I have always treated KYC with fear and have never passed it, I participate in bounty companies and very often I meet those companies where necessary, and I just drop them, in our world who can not be trusted, and even more so to give my data.

[Tylev]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example




This adres http://wallstyizjhkrvmj.onion where they sell that shit

Yes, it was quite predictable. This topic was created in August last year, and now we have a massive sale on the Internet of our identification data, which cryptocurrency users provided on exchanges and in the ICO projects. For ten dollars you can buy hundreds of such data checks KYC, and if you buy in large quantities, it will be even cheaper.
What will those who welcome the KYC check for bounty hunters say now in order to avoid multi-accounts? Which of these problems is more serious? It seems to me that it is obvious that such a problem is KYC.

[mamesso]

I think that ICO scammers will not just take off with your invested money.

Probably also they selling your ID. proof of Identity + Selfie + proof of Residenz
Uploaded KYC ID documents + selfies and address data are sold with large quantities on the darkweb, which are probably collected via scam projects.

What do you think?.

check these screenshots for example




This adres http://wallstyizjhkrvmj.onion where they sell that shit

Yes, it was quite predictable. This topic was created in August last year, and now we have a massive sale on the Internet of our identification data, which cryptocurrency users provided on exchanges and in the ICO projects. For ten dollars you can buy hundreds of such data checks KYC, and if you buy in large quantities, it will be even cheaper.
What will those who welcome the KYC check for bounty hunters say now in order to avoid multi-accounts? Which of these problems is more serious? It seems to me that it is obvious that such a problem is KYC.

I agree with you that this is a serious case and is a dangerous crime.
there should be a policy to protect user data. increasingly convinced that KYC is the biggest mistake.

[Mpamaegbu]

Yes, it was quite predictable. This topic was created in August last year, and now we have a massive sale on the Internet of our identification data, which cryptocurrency users provided on exchanges and in the ICO projects. For ten dollars you can buy hundreds of such data checks KYC, and if you buy in large quantities, it will be even cheaper.
What will those who welcome the KYC check for bounty hunters say now in order to avoid multi-accounts? Which of these problems is more serious? It seems to me that it is obvious that such a problem is KYC.

Honestly, I still don't understand why these ICOs make us hold up our documents in selfies like a mugshot as we are already criminals. I am beginning to avoid projects that ask for KYC, expect it is an already established project. Enough of these scumbags.

[Luckysindy]

So, how to anticipate that? while the average project asks for kyc at the end after the bounty is finished. with reasons distribution token

[bitcoin31]

They disadvtanges of having KYC like this they use the information of the people. I think this is the time to get equal rights between the investor and the ICO team or the project. Because for me I need to hide my information because it is confidential. Those scammer I hope will stop for selling KYC ID documents of the people who already uploaded they need to be fair.

[XFlowZion]

I just realized that these fake ICO projects are hitting two birds with one stone. First is if they managed to pull of the scam project with many investors and then collect all their personal data and sell it in a blackmarket like probably in deepweb.

[sidkz]

 have always been wary of such projects, and I try to avoid them, of course, I don’t trust people I don’t know, and I don’t understand how they will use my documents.

[Teamfearless]

This is really sad  and bad that is why many bounty hunter  dont like KYC bounties .. this is really  dangerous so we must be careful when its comes to those KYC project We must do diligent check  to make sure the project  is solid and from right source before we  can Submit KYC ..   

[fullhdpixel]

That’s not a new thing, people has been doing that before this one. There are some sites you will give your information and they will be selling it online, trust me a lot of sites does that and you might be aware of it.

There are sometimes you start getting emails from unknown senders (including those mails in your spam section) that’s because your information was given out to them. You can’t tell me they did magic to get it, that’s because you have your info to the wrong site and they are now selling it. Never trust anyone these days.

[EyeOfHorus]

This is true lots of scam or fake ICOs implement KYC just to gather the information about you just to gain more info about you and use it for their purposes in the future. So you should beware where you upload your information. The KYC is usually requested if the project succeeded already then yes but before that it is pointless. For example my last search DexAge ICO for the decentralized p2p escrow trading exchange is considered to implement KYC too but not before they finish their project and go out on the market so that looks right as it should be.

[Vladdy]

This is true lots of scam or fake ICOs implement KYC just to gather the information about you just to gain more info about you and use it for their purposes in the future. So you should beware where you upload your information. The KYC is usually requested if the project succeeded already then yes but before that it is pointless. For example my last search DexAge ICO for the decentralized p2p escrow trading exchange is considered to implement KYC too but not before they finish their project and go out on the market so that looks right as it should be.

Yup buddy. It happened to me some time ago I don't even remember the name of the ICO but it's got scammed and shortly I was also receiving emails from different project which I din't even sign for. So as I figured it out this all information when filling up KYC can be used later to attract to a new project and probably got scammed again. Or even use your information to make a fake CEO of the project. Who knows what they might do with it. I also following DexAge ICO and yeah they do not acquire it during the ICO which is right. So people should pay a notice to this - no KYC before the project is out and running. 

[fasdorcas]

There are things that are regarded to as sensitive information, just like your home address and phone number, those things you shouldn’t give out. So you should be very careful with sites that asks for such things. And as for email, you can create as many as you want and have one that serves as your personal (main) email which you’re not going to use for things like that,. You should only use your other fake emails for things like that. And in some cases, you shouldn’t give your real name.

[gabbie2010]

I am afraid now seeing how scam ICOs had been stealing vital information of people in the name of KYC its high time we nip this problem in the bud I think its time regulations of these ICOs should be set up, this will adequately take control of this embarrassing situations wherein an ICO will steal investors both funds and identities is quite discouraging and unacceptable.

[Jating]

I don't know if you guys heard about the Coinbase admittance:

https://cryptopotato.com/coinbase-executive-our-client-data-was-sold-by-third-party-providers/

So not just ICO scammers but it seems one of the best trading exchanges has sort of slipped up because the own that they hired that supposedly protect their clients data as selling it as well. So don't be surprised if our data ended up in the dark web and being used by others.

[muhtesem]

I never did an ico kyc.. Come on, maybe you could send an ID card or a passport, but who stupid send selfie?  I think this seller is a cheater. or any other possibility that's more likely; This vendor is the employee of an exchange. He hacked a   Exchange KYC datas....

[Olatunjex]

The aim and objective of some team requesting for kyc is to steal identity of ico buyers and bounty participants who participated in their project, many people have brought up this issue of team stealing peoples identity, it is high time people also kyc someone you are spending your identification card and image to. Be careful.

[JohnBitCo]

I never did an ico kyc.. Come on, maybe you could send an ID card or a passport, but who stupid send selfie?  I think this seller is a cheater. or any other possibility that's more likely; This vendor is the employee of an exchange. He hacked a   Exchange KYC datas....

People send everything to the ICO sites which includes ID card, passport and a selfie holding the NIC etc.  The ICO sites has so many real Identities which can be misused. Even they can verify their accounts at exchanges and other site using these IDs.

We should be very careful when submitting our real documents to such sites. The best option is to watermark a logo on our docs/pics stating "Only for this <Site Name>" etc so it cannot be used at other sites.

[johanesrobin]

this is very scary and I often give my data to KYC. I'm sure this data won't leak.
I started thinking about securing my data and stopped to follow part of this fraud.

[aervin11]

It can take years to rebuild your life and credit after identity theft

What could possibly happen if your identity would get stolen by someone? Worst case are?

Even if the project itself isn't selling info, they could easily get hacked.  Who knows what they do for security or with the information.

Since you are I think is more knowledgeable in this kinds of things, what do you recommend to do if you already are "A" victim of this identity theft?

[Purvik]

This is highly unsecured, we trust the company and send the details for verification but it is purely a game selling individual identities through a panel of website to others and there are chances the buyers can make utilized for illegal activities.

Next action plan: we need to report Google to shut down the website which is a crime.

[sidkz]

I try not to participate in such bounty companies, and in general I don’t understand why they may need my documents, now and some exchanges are beginning to demand KYC

[steveabrahams]

Oh shit, never knew that before. Is it a deep web right? I guess i should be more careful to upload my kyc right now. Luckly i never upload my kyc id documents on trash site and trash ico or trash bounty.

[Hannahanto]

This has been a threatening act from ICOs who receive our documents in place of KYC. Can not blaim all ICOs. Few would be in place to do when the sale did not meet the expectation, they go about selling the documents for the price they could opt of to gain some money. Its out duty to check ICO's background completely before giving out our documents.

[kawetsriyanto]

I try not to participate in such bounty companies, and in general I don’t understand why they may need my documents, now and some exchanges are beginning to demand KYC

You are no need to avoid bounty campaigns. You just need to avoid a bounty that requires KYC to claim the rewards. There are many bounties with no KYC for bounty participants. While exchanges, it is difficult to avoid since most of them require KYC.

[imstillthebest]

I try not to participate in such bounty companies, and in general I don’t understand why they may need my documents, now and some exchanges are beginning to demand KYC

You are no need to avoid bounty campaigns. You just need to avoid a bounty that requires KYC to claim the rewards. There are many bounties with no KYC for bounty participants. While exchanges, it is difficult to avoid since most of them require KYC.

There is no point of avoiding them if you know to your self  that they are legit and as long as you have the required i.d's to do a kyc  .  legit companies wont ever sell your identity . they only hold it and store it on their safe because that will be use for future references  . i dont get the point of kyc on bounties but i know that kyc on exchanges use to increase you trading  limits .

[bitgolden]

These are the same ICOs you will work for and you wouldn’t get paid for the work you did.
Then after they have stolen your info and your money they would also go and sell your info on the dark web and make extra money, lol.

These dudes are quite funny. That’s why anyone who is looking for an ICO to participate in should be very careful so that they don’t end up with any of these. And by the way, it’s not all info you should give online, some things are meant to be kept secret.

[vintages]

I try not to participate in such bounty companies, and in general I don’t understand why they may need my documents, now and some exchanges are beginning to demand KYC

You are no need to avoid bounty campaigns. You just need to avoid a bounty that requires KYC to claim the rewards. There are many bounties with no KYC for bounty participants. While exchanges, it is difficult to avoid since most of them require KYC.

I think the emerge of IEO can help resolve issues like this,  I mean that's the only good it can offer. And not the profit part. Instead of giving out your information on every ICO that requires it, you give it out 'once' to one trusted exchange with their help you enter into ICO knowing that,  your data, funds and investment are protected. Remember it all depends on the exchange you participate on.

[Bonsaiav]

Various startups in several developed countries, seem to continue to grow along with the development of technology and various needs of society. Cryptocurrency's a new currency model, and can also be used as an investment asset that has a fluctuating value, because its condition's prone to manipulation, at least this condition forces several institutions to present KYC in monitoring the progress of this volatile currency. But, it's very unfortunate, if the existence of KYC has been used by third parties who are not reluctant to use / sell our ID for their needs in carrying out their deceptive actions.

[sheenshane]

snip-
But, it's very unfortunate, if the existence of KYC has been used by third parties who are not reluctant to use / sell our ID for their needs in carrying out their deceptive actions.

You can minimize a chance to fool ICO scam if we know how to have dig research on it, we have our own responsibility to manage that kind of risk. Ain't against in KYC/AML implementation because it helps to conduct investigation towards financial investment. There's an important
of KYC remediation and why we should be doing it. Please refer to this link: https://complyadvantage.com/knowledgebase/kyc/kyc-remediation/

Do your own research before submitting KYC/AML for your own risk, let's accept the fact that time to time all ICO/company will implement KYC.

[noormcs5]

I never did an ico kyc.. Come on, maybe you could send an ID card or a passport, but who stupid send selfie?  I think this seller is a cheater. or any other possibility that's more likely; This vendor is the employee of an exchange. He hacked a   Exchange KYC datas....

Well , even if you do not send the selfie, sending only the documents NIC is very risky because these are just original documents that can be used anywhere.  I think we should not send our KYC to ICO sites which can be a real threat for us if they misuse it.
They can even sell this private information on darknet and get good money out of it too.