Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: BestEarningTips on July 23, 2020, 05:23:53 PM
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I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do. It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles. How do these companies verify people if all they have to go on is public information? Did they even really check the ID's or were they simply collected the data?
How rampant do you think this is? How many of us are complete fools for turning in our documents when others simply faked it.Now they have our data and the people who faked it are still secure.
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I think that the system of KYC has been so popular. We can follow their instruction in order to fulfill and complete the criteria. Here, the KYC process mostly has been used by new blockchain. So, actually it is already usual thing, but if we don't see that it is trustable, just avoid to do KYC process.
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I think we already have the solution for this case, it is live KYC. With this procedure, someone cannot use fake ID because it should be idetified with live KYC, by using video call. I have seen that many crypto platforms, especially exchanges, have applied this way for their user' KYC process.
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Kyc is a systematic process of identifying cheating and scammers but if kyc with fake and false information, how can identify fake and false data. Please verification process should be cleared and absolutely visible with web cam. I think verification with web cam altime right database should need.
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Kyc is a systematic process of identifying cheating and scammers but if kyc with fake and false information, how can identify fake and false data. Please verification process should be cleared and absolutely visible with web cam. I think verification with web cam altime right database should need.
The mission of KYC is to prevent money laundering and combat the financing of terrorism. It should not be conducted to identify multiple accounts of one user on such forums.
In addition, the FATF decision of June 21 last year recommended to conduct KYC only for transactions exceeding one thousand euros. If ICO teams send their tokens to bounty hunters for a total amount of less than one thousand euros for participation in ICO bounty campaigns, they have no right to require us to complete KYC.
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The Kyc process works very well as a field for all companies. I think every exchange and cryptocurrency user should give importance to kyc. The kyc should contain the person's information, national id, photo and bank documents. So no one can cheat. I think, just kyc is not the main purpose. kyc will play an important role in preventing government tax evasion. So if the government of any country wants to take tax from cryptocurrency then kyc will be the main objective. Your idea is right.
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The KYC process is now not as simple as just sending a national ID, passport or driver's license but there is a face recognition system. If any of you registered last month for airdrop CRO (crypto.com). We have to go through the KYC process in the CRO application, one of which is by looking at the camera.
If the KYC process only sends a national ID, driver's license or passport. In my opinion there are 2 possibilities:
1. Really for KYC
2. Theft of documents ( As happened in the ExStock exchange )
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KYCs are necessary evils. I find it unnerving putting out my identity out there, but there's nothing I can do. The world, and crypto, are inundated with criminal elements who specialize in identity theft
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I really don't like KYC, I better not do KYC than my data is misused. if the KYC system is decentralized, I think safe, but if our data is stored by a group of people. it's very dangerous
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If any company requires KYC by just sending in a national ID or Passport without a facial recognition then it's probably should be looked into. There are registered KYC providers now which can be used even for airdrops, that also ensures data privacy and security. If any company is asking for KYC but not assuring data security then i think it's not worth it.
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KYC is mainly needed because some people do bad thing like abuse, cheating, or money laundry. It's really useful for project to fight those people. But only do kyc when you trust the project that you follow.
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KYC has always been one of the most problematic issues for the crypto community, because personal information is an anonymous & valuable asset that is one of the advantages of blockchain... Some projects require KYC to reduce the number of abusers, they don't actually check or verify them. Anyway, we don't know what the collectors have been doing with our KYC information, so just provide KYC to really big companies, at least reduce the risk of information misuse. personal message. I don't want to start the day with the knock on the door of the police because my personal information attached to a criminal :(
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KYC is mainly needed because some people do bad thing like abuse, cheating, or money laundry. It's really useful for project to fight those people. But only do kyc when you trust the project that you follow.
The fact of the matter is that now no project can be trusted. None of the business structures project takes any responsibility for the safety of our identification data obtained during KYC. Therefore, such personal data often appears on the Internet. In this regard, whenever possible, KYC needs to bypass or send changed data. However, I do not recommend doing this with exchanges. You can lose your money.
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If you know how to do that without getting caught, well it's better to use it with those untrusted sites. but remember KYC was made to know more about our authenticity then if you are submitting fake Identification card I think that was a violation of a certain law but it defends on each countries law about the falsification of public documents.
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I have stopped providing KYC for projects for a long time, be it an exchange or an ICO/IEO. I know that many people offer KYC only to receive $5-10 worth of tokens in airdrop campaigns without knowing that their personal information is worth much more.
Perhaps we need to find an alternative solution for KYC.
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It is not right to give fake ID while doing KYC verification. KYC is done to prove the truth of something. If we make wrong decision there then it is not right at all. So we will not make wrong decision while doing KYC. I will make the right decision at all times.
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It is not right to give fake ID while doing KYC verification. KYC is done to prove the truth of something. If we make wrong decision there then it is not right at all. So we will not make wrong decision while doing KYC. I will make the right decision at all times.
It is not always good to prove the truth by sending KYC, that is, your identification data in many cases to scammers. Here you need to approach this issue from the point of view of who and for what purpose we send KYC. If these are commercial structures that often not only do not care about the preservation of our identification data, but sometimes directly sell them, then there is no point in proving our honesty.
Providing KYC for exchanges has its own peculiarity, as it is related to our security and availability of up to our money.
In general, it must be remembered that non-government agencies do not yet bear any responsibility for the safety of our identification data, and therefore, in general, I fully admit the possibility of providing them with fake data.
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Sending in fake id for kyc,,, main reasons of that most of the bounties projects Hunters are normally students and most of the students have no national government issues documents / id card. They download from Google and submit kyc form.
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if I send the KYC fake I usually prefer to seek services or editor experienced to qualify for verification of KYC I used to use it for the bounty and platform exchange less famous because when using personal data very dangerous to make the data KYC being misused for the benefit of crime, money laundering, and fraud.
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I know some groups or companies who sell ID data for cheating KYC. A few years back, when blockchain.com airdrop XLM tokens, a lot of people got fortunes from faking KYC. I don't think it's easy to prevent faking KYC (as well as scams). But talking about KYC, I don't think it's a good thing. I hate revealing my identity. When you give your identity to a third party, no one can make sure your identity won't be sold or used for shady purpose.
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As much as possible I don't like to do KYC procedure due to rampant scammers in crypto space. To make it clear I don't like to submit fake ID or real one, I rather choose safety first than money. I valued my simple and humble identity because this is just what I've got.
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This is the result of having a KYC on a project. They can sell our information in the dark market which violates our data privacy. I will not support a project having a kyc. That is why I prefer dex than centralized exchange
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Welcome to the dark side of the internet brother, this is old news by the way & not some kind of crypto invention.
Selling fake ID & documents been there since the age of the beginning of the internet & the KYC procedures.
Most KYC procedures are now done through AI through third party KYC companies., So yeah, fake IDs & documents can pass them like a charm.
Peple where buying / selling fake ID, social number, address verification for paypal since ages. It is what it is man.
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We getting to a time we don't have to worry about KYC that's why exchange like INJECTIVE PROTOCOL is developed to eliminate that and everyone can trade from their personal wallet.
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Many people send fake ID for KYC because they are greedy to earn money or they don't want to be scammed with their own identities. It is difficult to control this as long as we are in digital world. There are many chance for the fake ID to be send by any people in the world.
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This is true , many users used fake document inorder to generate a good amount of money through airdops .
This is good if there is short video clip in which user show his documents , only then we can control this scam .
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It is really risky if we send our documents just to verify the KYC process. Well if you are good in editing then you can send a fake ID but if you are not really good at editing, I guess you better to use other persons ID. ;D
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It is really risky if we send our documents just to verify the KYC process. Well if you are good in editing then you can send a fake ID but if you are not really good at editing, I guess you better to use other persons ID. ;D
Wahaha, why fake your personal identity if you know who are you. 😁
Honestly speaking, I'd tried to pass kyc process back then but unfortunately the project became dead. Unfortunate experience in kyc.
However, somehow it would be good to edit your personal information for security reason as long as you doubted the project potential to success. Actually, nonsense to do kyc if the project in a little while just end in failure.
Do kyc at your own risk.
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we had a few of these who tried to send us fake ids for forum kyc, but doesn't work with me
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we had a few of these who tried to send us fake ids for forum kyc, but doesn't work with me
You are worthy to called Administrator.
Thanks for making friendly forum.
Wish all the best.
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It is not right to give fake ID while doing KYC verification. KYC is done to prove the truth of something. If we make wrong decision there then it is not right at all. So we will not make wrong decision while doing KYC. I will make the right decision at all times.
If KYC is required by the ICO team, which themselves are often scammers, I believe that I have the right to use a fake ID. Where there are no rules, it is foolish to play by the rules of one side.
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I don't really understand with the topic? Do you mean people do KYC with a fake ID? I think the team of the project can identify whther the data is fake or real. So, we don't need to worry about the data verification in a project. The team member who verify the data must have enough experieince to do it.
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Let's say the truth so others can be guided. No matter how tight a security is, there will be set of people that will explore that with out getting caught. It happens even in airlines. Some kyc are done manually while some are done using AI. Anything can happen.
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Sending KYC documents for any purpose is something that should be treated with utmost care. With several reported cases of stolen identity and submitted documents getting sold to third party sites and clients, it becomes very necessary to always watch carefully as to whom you are submitting your documents to. It is for this reason that a lot of people tend to submit only fake identity documents for verification purposes.
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I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do. It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles. How do these companies verify people if all they have to go on is public information? Did they even really check the ID's or were they simply collected the data?
How rampant do you think this is? How many of us are complete fools for turning in our documents when others simply faked it.Now they have our data and the people who faked it are still secure.
Verification by asking tellers to compare people and photos won't be applicable online. Financial institutions that need KYC overseas customers, or in the situation of limited COVID-19 translation to contact lines, cannot do KYC in the traditional way.
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If you send fake IDs to KYC, KYC will not authenticate your identity and support multiple layers of security for people / investors participating in the network, censor deposits from customers to avoid browsing / receiving accounts. funds with illegal funds related to corrupt or money laundering activities
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If you send fake IDs to KYC, there will be corruption problems between powerful authorities, money laundering crimes. At the same time lack of control with the cash flows of multinational corporations. Causing serious effects on the social situation.
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That would easily be used by financial criminals for illegal purposes. Suppose there are a series of politicians, large corporations taking turns trading like the above politicians, it will cause extremely serious consequences and instability for society.
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KYC confirmation is born to help manage the identities of traders named in the system, to prevent criminal acts. In addition, we can use KYC data to participate in crypto projects that are not yet listed (ICO projects). If you send a fake ID to KYC, you will not be able to invest in any cryptocurrency.
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Individual investment advisors and finance companies are responsible for tracking each client's financial situation. All of this is done by finding and collecting relevant customer information. Sending fake IDs to KYC could cause the company to lose control of its customers