Post
Topic
Board Legal
Re: Are You Afraid of KYC?
by
Kemarit
on 29/06/2018, 20:24:35 UTC
You should be worried about KYC, many of these ICOs are not properly equipped to handle and store sensitive data.

In fact, there was a KYC leak just this week;

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

I was supposed to post that link, but thanks anyways. So just be reminded of the dangers of posting your personal data just for the sake of getting pennies. Just imagine if you data was leaked on the dark net, you just don't know how those criminals will exploit and took advantage. So the risk has increased many times that I wouldn't take the risk. Plus, there are no real guarantee that this ICO projects are not selling it themselves. And again, if it falls on the wrong hands, we are all going to suffer and the only thing we can do is regret. So as early as today, if you are joining bounty that requires KYC you better think many times before its too late.