🔎 [ANN] KycNotList.com — No KYC / No AML Crypto Exchange Monitor

[TryNinja]

Let's say these are the only 2 victims, and you pay out $10k the way you described. One victim receives $9346, the other victim receives $654. That means the victim who stayed under the guaranteed amount loses almost everything because someone else deposited 10 times more, and probably triggered the exit scam with that! Wouldn't a per-user distribution be better, so they both receive $5k?

Another idea is to see the $10k escrow as a per-person max cap, so the $100k is treated as a $10k deposit along with the $7k one.

$100k victim receives $5,882.35
$7k victim receives $4,117.65

Or how about this scenario (and I think this would be fit for another topic, as it doesn't only apply to your service): let's say an exchanger with an escrow deposit wants to exit scam. Someone deposits an amount large enough to run away. But they don't want to lose their escrow deposit, so they create a large exchange transaction on their own platform, with a signed Letter of Guarantee, and claim to be a victim. That way they get most of their escrowed amount back!

How does one solve this?

Even if it's limited per person, first come first serve, etc... the scammer can always fake orders to get at least some of the escrow amount back.

[LoyceV]

Another idea is to see the $10k escrow as a per-person max cap, so the $100k is treated as a $10k deposit along with the $7k one.
$100k victim receives $5,882.35
$7k victim receives $4,117.65

I think that's even better.

Or how about this scenario (and I think this would be fit for another topic, as it doesn't only apply to your service): let's say an exchanger with an escrow deposit wants to exit scam. Someone deposits an amount large enough to run away. But they don't want to lose their escrow deposit, so they create a large exchange transaction on their own platform, with a signed Letter of Guarantee, and claim to be a victim. That way they get most of their escrowed amount back!

How does one solve this?

I don't think it can be solved, other than being aware of the possibility. So the escrowed amount should never be considered a personal maximum for safe deposits, users should stay at least an order of magnitude under the amount to have any realistic chance of seeing their money back in an exit scam.

[KycNotList]

@TryNinja @LoyceV

You’ve raised a very important point.

We already responded to both affected users yesterday, explaining that compensation amounts will be paid in proportion to their losses, and it would be unfair of us to change the terms now and pay less than promised. But on the other hand, you are right: our website includes a warning advising users not to make individual transactions exceeding the amount of their deposit.

Your theory makes perfect sense, but I think that in this case, the victim who lost $100,000 is a real person-after all. It's unlikely that Tomboy would have committed fraud $7,000.

I think it would be fair this time to contribute a little of our own funds so that the victim’s payout of $7,000 is slightly higher-perhaps we could increase it to $4,100.

But, of course, we can’t keep doing this indefinitely, since this is no small amount for us, and by making this contribution out of our own funds, we’re sacrificing the development of our project. That’s why we need to clearly define the payment rules and post them on our website, so that in situations like this, everything is transparent and clear to everyone.

But here, too, we need to understand that a scammer might not create one large sum, but rather many small ones, so that after the scam, they can request a withdrawal from different accounts.

I would be very grateful for the continuation of this discussion so that you can help us draft more effective rules for distributing deposits in the future.

[LoyceV]

Your theory makes perfect sense, but I think that in this case, the victim who lost $100,000 is a real person-after all. It's unlikely that Tomboy would have committed fraud $7,000.

I think so too. It was a hypothetical scenario.

That’s why we need to clearly define the payment rules and post them on our website, so that in situations like this, everything is transparent and clear to everyone.

I realized in 2018 that the escrow shouldn't return the money instantly when asked, but it took me until now to realize there are more complications when it comes to distributing money to actual victims.

I would be very grateful for the continuation of this discussion so that you can help us draft more effective rules for distributing deposits in the future.

Let's continue here: Escrow funds to "guarantee a service": how to distribute funds after exit scam?

[PitWlss]

I'm very grateful to KycNotList!
After a bad experience with a scam exchanger, this platform honestly shared part of the escrow deposit of 4100 USDT.
I highly recommend this platform. You fully justify the trust placed in you!
Good luck in your development!

[KycNotList]

I'm very grateful to KycNotList!
After a bad experience with a scam exchanger, this platform honestly shared part of the escrow deposit of 4100 USDT.
I highly recommend this platform. You fully justify the trust placed in you!
Good luck in your development!

Thank you for your feedback.

The victims have received compensation from KycNotList:
@85pandora 9000$
@PitWlss 4100$

[hugeblack]

The victims have received compensation from KycNotList:

It's good to see that some of the damage has been repaired. Let's hope this is the last time we see an exit scam like this.

@85pandora 9000$
@PitWlss 4100$

Over $10,000 has been distributed; did I miss out?

[KycNotList]

@85pandora 9000$
@PitWlss 4100$

Over $10,000 has been distributed; did I miss out?

Yes, we discussed this earlier in this thread:

@TryNinja @LoyceV

You’ve raised a very important point.

We already responded to both affected users yesterday, explaining that compensation amounts will be paid in proportion to their losses, and it would be unfair of us to change the terms now and pay less than promised. But on the other hand, you are right: our website includes a warning advising users not to make individual transactions exceeding the amount of their deposit.

Your theory makes perfect sense, but I think that in this case, the victim who lost $100,000 is a real person-after all. It's unlikely that Tomboy would have committed fraud $7,000.

I think it would be fair this time to contribute a little of our own funds so that the victim’s payout of $7,000 is slightly higher-perhaps we could increase it to $4,100.

But, of course, we can’t keep doing this indefinitely, since this is no small amount for us, and by making this contribution out of our own funds, we’re sacrificing the development of our project. That’s why we need to clearly define the payment rules and post them on our website, so that in situations like this, everything is transparent and clear to everyone.

But here, too, we need to understand that a scammer might not create one large sum, but rather many small ones, so that after the scam, they can request a withdrawal from different accounts.

I would be very grateful for the continuation of this discussion so that you can help us draft more effective rules for distributing deposits in the future.

[Y3shot]

I have gone through your website, and it looks very interesting. I think the aim of this platform is to list no KYC exchanges, and this is also to help users understand their exchanges.

But I want to know if the only focus is just to list no KYC exchanges or if you also focus on determining whether an exchange is reliable and free from scams for users, because any exchange can choose to be no KYC but may not be very reliable.

[JeromeTash]

I have gone through your website, and it looks very interesting. I think the aim of this platform is to list no KYC exchanges, and this is also to help users understand their exchanges.

But I want to know if the only focus is just to list no KYC exchanges or if you also focus on determining whether an exchange is reliable and free from scams for users, because any exchange can choose to be no KYC but may not be very reliable.

If you see on their website, they did add some more parameters users can use to determine if the website can be trusted with certain amounts or not. For example, you are able to see the reviews and reputation of the service. You are also able to see if the service made a security deposit or not.

They are basically not going to spoon-feed you on which service is reliable or not, but at least you have some information you can use to pick or avoid a service.

[KycNotList]

I have gone through your website, and it looks very interesting. I think the aim of this platform is to list no KYC exchanges, and this is also to help users understand their exchanges.

But I want to know if the only focus is just to list no KYC exchanges or if you also focus on determining whether an exchange is reliable and free from scams for users, because any exchange can choose to be no KYC but may not be very reliable.

If you see on their website, they did add some more parameters users can use to determine if the website can be trusted with certain amounts or not. For example, you are able to see the reviews and reputation of the service. You are also able to see if the service made a security deposit or not.

They are basically not going to spoon-feed you on which service is reliable or not, but at least you have some information you can use to pick or avoid a service.

That's absolutely right-thank you for helping our users while we're offline.

[Bushdark]

The mobile version of your platform looks comprehensive and I can see so many listed no kyc exchanges there but the ones I know very well are b1exch and dex.info. I was hoping to see some other no kyc exchanges that have active campaigns in this forum which I can't find. What are the parameters for listing an exchange on your platform? I am a bit curious and having some of the no KYC exchanges active here on your platform can make a lot of sense.

I know there are good exchanges both here and outside the forum that will like to have their names listed on your platform. What is your input to have some of these exchanges get listed on your platform? At least that will showcase their services to other users and also help to promote your platform to their users.

[KycNotList]

The mobile version of your platform looks comprehensive and I can see so many listed no kyc exchanges there but the ones I know very well are b1exch and dex.info. I was hoping to see some other no kyc exchanges that have active campaigns in this forum which I can't find. What are the parameters for listing an exchange on your platform? I am a bit curious and having some of the no KYC exchanges active here on your platform can make a lot of sense.

I know there are good exchanges both here and outside the forum that will like to have their names listed on your platform. What is your input to have some of these exchanges get listed on your platform? At least that will showcase their services to other users and also help to promote your platform to their users.

Thank you for taking the time to explore the mobile version of our platform and for your thoughtful questions.

Being active on Bitcointalk or running a forum campaign is not, by itself, a requirement for listing, nor does it automatically prove that a service is reliable. KYCNotList does not simply endorse an exchanger; our purpose is to collect and present enough transparent information for users to evaluate each service independently.

Any exchanger or mixer, including services active on this forum, may submit an application. During moderation, we review its official website and TOR mirror, if available, KYC/AML policies, fees, supported assets, public history on forums and monitoring platforms, user reviews, reserves, and guarantee mechanisms such as signed guarantee letters and a security deposit.

Submitting an application does not guarantee placement. Activation requires successful moderation, a one-time $1,000 listing fee, and a security deposit of at least $1,000. The deposit is displayed publicly and, if fraud is confirmed, may be used to compensate affected users under our published rules.

We would be glad to consider more established no-KYC services from Bitcointalk. Their representatives can submit an application here:

https://kycnotlist.com/en/apply

If you have specific exchanges in mind, feel free to name them. We can review them and invite their teams to apply.

[Coyster]

But I want to know if the only focus is just to list no KYC exchanges or if you also focus on determining whether an exchange is reliable and free from scams for users, because any exchange can choose to be no KYC but may not be very reliable.

When you visit KYCNotList to review/analyse any exchanger, there is an important message that clearly answers your question:

We, KYCNotList, publish this information so users can evaluate the service independently. We do not guarantee that every service is reliable; we provide tools for analyzing its activity.

So basically, instead of looking for information about exchangers in a haphazard manner, KYCNotList as a monitoring platform furnishes you with all the necessary information you require in one site, in order for you to independently make up your mind, whether or not to use a platform.

The deposit is displayed publicly and, if fraud is confirmed, may be used to compensate affected users under our published rules.

Good job you are doing in the community and i must commend you for paying some money out of your own pocket to increase the victims' payout in the last scam incident involving Tomboy. Though users should know better and strictly adhere to your recommendation of not depositing more than the security deposit in a single transaction.

[Italian Panic]

I find the antifraud security deposit arrangement very transparent. In fact, Nokyclist only accepts services onto its list that pay at least 1000 dollars into the site’s escrow account and a further 1000 dollars as a listing fee. This way, users can carry out exchanges or mixers involving amounts proportional to the escrow deposits, safe in the knowledge that, in the event of a scam, they will be reimbursed for the loss in full or at least in part.
Obviously, the higher the security deposit paid by the listed service, the safer the service is considered to be, and the higher the deposit, the more the service itself will be used.

I think it’s an excellent system, well done, guys!!

If you have specific exchanges in mind, feel free to name them. We can review them and invite their teams to apply.

I think the Nokyclist website should include Omniseemix, they are a fairly new site but they have a clear vision and do a very good job.

[Coyster]

This way, users can carry out exchanges or mixers involving amounts proportional to the escrow deposits, safe in the knowledge that, in the event of a scam, they will be reimbursed for the loss in full or at least in part.

Well, if i were a customer of any of the platforms listed in KYCNotList, i would keep a single transaction well below the security deposit amount. The reason is, there could be multiple victims in the event of a mishap, and so multiple claims to the security deposit. For example, if the security deposit is $20k, i would personally keep a single transaction around $2k-$3k, so i stand a good chance of being reimbursed in full if anything goes amiss.

[KycNotList]

@Coyster

Thank you for your kind words-we really appreciate them-and thank you for helping our users while we're offline.

As for the idea that you should make partial trades so that the transaction amount is much lower than the service’s deposit, I completely agree with that, but unfortunately not everyone understands this, even when the risks and how deposits are allocated are explained to them in plain language. In such cases, users sometimes provoke the services into scamming them, especially if the service is new.

@Italian Panic

Thank you. We'll definitely look into this exchange service, and if they meet our criteria, we'll get back to them.

[instantexchange.i2p]

So what are the requirements to get listed on your list?  We are no KYC, never freeze or anything.  Is that not enough or are there additional hoops, bribes, etc. that need to be done or jumped through?

[Coyster]

So what are the requirements to get listed on your list?  We are no KYC, never freeze or anything.  Is that not enough or are there additional hoops, bribes, etc. that need to be done or jumped through?

There are no bribes of any sort. You can apply to be considered for listing on KYCNotList through this link: https://kycnotlist.com/en/apply

Mind you that there is a one-time listing fee of $1000. And you would have to make a security deposit of at least $1000 with KYCNotList. Applications are subject to review before acceptance, so good luck if you choose to apply.

[instantexchange.i2p]

So what are the requirements to get listed on your list?  We are no KYC, never freeze or anything.  Is that not enough or are there additional hoops, bribes, etc. that need to be done or jumped through?

There are no bribes of any sort. You can apply to be considered for listing on KYCNotList through this link: https://kycnotlist.com/en/apply

Mind you that there is a one-time listing fee of $1000. And you would have to make a security deposit of at least $1000 with KYCNotList. Applications are subject to review before acceptance, so good luck if you choose to apply.

Ok so it's not based upon merit but, payment.  This would clearly explain why you're having troubles with others.  It seems any "listing" these days is not built with sincere concern but, exploitation of self-feeding greed.  We would rather earn our place not buy it like propaganda press releases.  This precise problem is why you have "victims" and most likely will continue to, prediction here time stamped now.