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

[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.