Submit KYC is must for some ICO`s .If things getting bad What can they do to our identification documents.What will be the worst possible things to be happen to us.
In most cases not much will happen. they will probably sell our info to an off shore company that can use this info to scam people. For instance someone contacted my Email address and said they have a video of me "abusing" myself in front of my laptop. They had all my info. They wanted 1 BTC for them to not release my video online

It was one of the funniest thing. But probably they either hacked one of the ICOs I participated or something