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

[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.