The KYC process today is beneficial only for developers, you understand that they can sell your data, so I wouldnt have said it if you didnt have serious doubts that today greatly violate the security of your data
Even on legit projects, we don't even know on where those informations being stored up after the sale or such investment. Arent we on doubt?
I completely agree, this is really a problem. However, today I see that many companies have begun to warn about the need for verification. For example, all the bounties that Amazix conducts immediately warn about passing KYC
That's why either as an investor or a bounty hunter it would really be on our own choice or decisions regarding if we do tend to proceed or not.